Echo borrows for Libero

© Echo Investment; visualization of Galeria Libero

Echo Investment has concluded a contract with Bank Zachodni WBK as an agent as well as Bank BGŻ BNP Paribas concerning a loan of over EUR 67,5 million and a VAT loan of PLN 12 million. The agreement was signed last month. The funds will be used for the construction of Galeria Libero.

“We would like to thank very much for the trust of respectable banking institutions, which was confirmed by the signing of the above-mentioned loan agreement. We are glad that our current financial partner – Bank Zachodni WBK as an agent and BGŻ BNP Paribas – will deliver funds for the construction of Echo Investment’s projects, this time it will be Libero – one of our flagship developments. It is excellent that we will have an opportunity to jointly celebrate the success of the project after its opening” – says Grzegorz Iwański, director of Echo Investment’s Funding Department.

More than 150 shops, numerous restaurants, cafes, cinema multiplex, fitness club will be available in the center. According to the developer, Libero will be the only place in the region to include such extensive sports and recreational offer. It also contains a modern urban square featuring fountains, amphitheatre, skate park, ice rink and some areas for relaxation, stationary games and other outdoor activities. The building is being erected on the junction of Kościuszki and Kolejowa streets.