Echo Investment to acquire a 66% stake in Archicom for $114m.

Echo Investment, a Polish real estate developer, agreed to acquire a 66% stake in Archicom, a residential developer, for $114m. The condition for its closing is obtaining the consent of the antimonopoly office. “We join a market leader with a geographically and product-diversified offer. The marriage of the two companies is a guarantee of the stability of Archicom's position. For years, we have been observing Echo Investment's innovative approach to co-creating cities, customer service and innovation. By joining forces, we will be able to offer our customers even more,” Tomasz Ślęzak, Archicom Board Member.