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Warsaw, 23/07/2018 (ISBnews) -Echo Investment acquired 30% of the members and grosz, and the company R4R acquired 70% of the shares and fat in a joint venture (JV), led by Echo. JV under the name Resi4Repeep four projects under construction and will build 1,200 lives, and 1,700 apartments will be ready for construction in the next 12 months.
In addition, according to the announcement, the parties contract changes to the agreement on the basis of which they were introduced certain technical changes were made to the procedures governing the appointment of JV and a partnership agreement regulating the advisory rules for companies of JV
. According to this agreement, JV will serve as a real estate development platform for leasing in Poland. JV will build buildings for rent in four locations in Warsaw, Ode and Wrocaw.
After the creation of the platform, it will support four ongoing projects and will build 1,200 apartments, and 1,700 more will be ready for construction the next time 12 months
The first tenants will be able to enter the fourth quarter of 2019. Under the agreement, the company will provide planning, design and investment services, while the joint venture will be responsible for operational management
. The first rent platform in Poland: its investor, operator and manager
According to the master agreement, Resi4Rent will be a joint venture between R4R Sarl – an entity controlled by a fund managed by one of the world's leading companies. % udziaw, and Echo Investment, which will cover the remaining 30%. Echo will be responsible for the planning, design and implementation of the investments, while Resi4Rent will manage the platform itself.
Echo Investment is listed on Gede Papierw Wartociowych, the parent company of the Echo Group based in Warsaw. or residential), selling or renting space in these real estate and real estate business.
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