Global law firm White & Case LLP has advised Echo Investment S.A., the Poland-based real estate investment company, on two significant loan transactions.

The Firm advised on a financing of up to €132 million from Berlin Hyp AG and ING Bank Slaski S.A. to refinance the current debt from Echo's four office projects - Malta Office Park in Poznan, Park Rozwoju in Warsaw, West Gate in Wroclaw and A4 Business Park in Katowice.

White & Case also advised on a financing of up to €185 million from Landesbank Hessen-Thuringen Girozentrale to refinance the current debt of seven shopping centres belonging to Echo - Galeria Sudecka in Jelenia Gora, Galeria Venada in Lomza, Galeria Amber in Kalisz, Galeria Olimpia in Belchatow, Outlet Park in Szczecin, Centrum Handlowe Echo in Przemysl and Centrum Handlowe Echo in Belchatow.

Echo Investment is one of the largest investment and development companies in Poland and has been listed on the Warsaw Stock Exchange since 1996. It invests in four main real estate sectors: housing construction, shopping centers, office construction and hotel construction.

The White & Case team in Warsaw which advised on the transaction was led by partner Tomasz Ostrowski with support from associates Sylwia Opiatowska, Michal Jadwisiak, Ilona Fedurek and Mateusz Zawistowski.