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    ECH   PLECHPS00019


Delayed Warsaw Stock Exchange  -  12:05 2022-11-30 pm EST
2.940 PLN   -.--%
11/29Echo Investment Real Estate Eyes Selling Two Office Buildings in Coming Months
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Echo Investment S A : Brain Park toábecome new headquarters for PepsiCo GBS Krakˇw

12/01/2021 | 05:11am EST

Brain Park, an office complex developed by Echo Investment will become the new headquarters of PepsiCo GBS Kraków. The tenant will occupy over 5,000 sqm and start operating in the new office in the fourth quarter of 2022.

After the successful commercialization of O3 Business Campus, it is now time for another office project of Echo Investment in Kraków. Brain Park is located next to one of the main arteries of the city - Pokoju Avenue and will provide the market with over 42 thousand sqm of modern office space.

"Signing the lease contract with PepsiCo GBS proves that well-designed office space still plays an important role and is a clear added value in everyday work. Everyone needs a place where they can meet with their team in a comfortable environment, talk, work in quiet, or even use some office equipment to which they do not have access when working remotely. Brain Park will first of all provide PepsiCo GBS employees with a comfortable and safe office space. Additionally, we have designed a green outdoor patio, which will be a nice break during the workday: it will include areas for relaxation, outdoor work, but also physical activity areas, such as a place to play table tennis or calisthenics and street workout areas. On the ground floor of the building we are also planning a number of services which will certainly be useful for our tenants," says Joanna Nicińska, Regional Director at Echo Investment's office department.

PepsiCo GBS Poland provides business support services for PepsiCo primarily in Europe. The company's goal is to simplify and automate processes to help everyone work more efficiently. The centralization of services allows to manage the complexity of processes more effectively and to generate more business value faster. The scope of provided services includes: financial planning and control, marketing, HR, sales.

"We chose Brain Park as our new headquarters not only because of the well-planned office space, which creates a diverse and inclusive place for working together, but also because of all the extra opportunities that the project gives us, such as a functionally designed green space between the buildings, supporting the well-being of all employees. We are a company that is constantly developing and Brain Park will give us perfect opportunities for this development. Our talks with Echo Investment took place during the ongoing pandemic, so the developer's approach to the selection of technological solutions providing the best possible epidemiological safety in thier office space was also very important to us," says Paweł Mleczko, Managing Director at PepsiCo GBS Kraków.

Colliers consulting company participated in the selection of the new location and negotiations of the lease contract. - "There is currently a lot of discussion around the work environment and companies are looking at this issue more widely. Many organizations are working on implementing a hybrid work model, which will bring a change in the functionality of their office space. From a tenant's perspective, the current situation on the office market in Kraków, i.e. the large supply of modern space including interesting projects focused on user needs, is a very good moment to look for a perfect location and to plan a new working environment. Our client, PepsiCo, took advantage of this moment to implement the project and plan its office space that will support the development of their business under a new working model in Kraków," says Anna Galicka-Bieda, Regional Director at the Colliers Kraków team.

Brain Park is another project where Echo Investment will install RCI Active Pure air purification technology that deactivates viruses, fungi and bacteria, including the SARS CoV-2 virus, in less than 1 minute.

We invite you to watch our video with the new tenant: HERE


Echo Investment SA published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 10:10:04 UTC.

ę Publicnow 2021
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Sales 2022 1 286 M 284 M 284 M
Net income 2022 144 M 31,8 M 31,8 M
Net Debt 2022 1 969 M 435 M 435 M
P/E ratio 2022 9,80x
Yield 2022 8,16%
Capitalization 1 213 M 268 M 268 M
EV / Sales 2022 2,47x
EV / Sales 2023 2,83x
Nbr of Employees 608
Free-Float 34,0%
Duration : Period :
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 2,94 PLN
Average target price 4,06 PLN
Spread / Average Target 38,2%
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Nicklas Lindberg Chairman-Management Board & CEO
Maciej Adam Drozd Finance Director
Noah M. Steinberg Chairman-Supervisory Board
Mariusz Jedruszczak Head-Information Technology Department
Margaret Elizabeth Dezse Independent Member-Supervisory Board
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