ARTICLES LABELLED WITH TAG EPP

News EPP acquires €692 million retail portfolio in Poland
05
Dec
2017

EPP acquires €692 million retail portfolio in Poland

by Property Forum
EPP announced the acquisition of 12 major shopping centres and retail parks (M1 portfolio) in three tranches over the next three years. The acquisition from a consortium (owned 25% by Redefine Properties), totals €692 million and forms part of a larger 28 property portfolio that has been acquired by the consortium. Upon completion of the transaction in mid-2020, EPP’s portfolio will comprise at least 27 modern shopping centres comprising almost 1 million square metres GLA
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News Echo Investment completes leasing of Szczecin mall
14
Nov
2017

Echo Investment completes leasing of Szczecin mall

by Property Forum
The leasing department of Echo Investment finalised the lease of the last unit just before the opening of an extended part of Galaxy in Szczecin. Echo Investment is responsible for the construction and lease of the facility for EPP which is the owner and manager of Galaxy.
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News €175 million loan secured for the construction of Galeria Młociny
20
Oct
2017

€175 million loan secured for the construction of Galeria Młociny

by Property Forum
Echo Investment and EPP (Echo Polska Properties) have concluded a loan agreement worth €175 million and a VAT loan of PLN 34 million with Bank Zachodni WBK S.A. as an agent as well as PKO Bank Polski S.A. and Bank Gospodarstwa Krajowego. The acquired funds will be used for the construction of Galeria Młociny in Warsaw. The loan was granted for the construction period and a five-year investment period.
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News EPP to acquire Polish retail portfolio for €692 million
16
Oct
2017

EPP to acquire Polish retail portfolio for €692 million

by Property Forum
Echo Polska Properties has reached an agreement to acquire a portfolio of retail properties for €692.1 million. The portfolio comprises twelve retail properties of which eight comprise shopping centres and four retail parks with over 620 stores situated in strong regional cities across Poland. The portfolio has an aggregate gross lettable area around 450,000 sqm. The seller is the Chariot Top Group, owned by Pimco (37.5%), Oaktree Capital Management (37.5%) and Redefine Properties (25%).
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News EPP sells office portfolio to Griffin Premium RE
05
Oct
2017

EPP sells office portfolio to Griffin Premium RE

by Property Forum
Echo Polska Properties announced an agreement to dispose of an office portfolio for €160 million. The assets being disposed include Tryton Business House in Gdańsk, A4 Business Park in Katowice and West Gate in Wrocław. The buyer is Griffin Premium RE. The proceeds from the disposal will be used to fund further retail acquisitions.
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News EPP publishes H1 2017 results
08
Sep
2017

EPP publishes H1 2017 results

by Ákos Budai
JSE listed Echo Polska Properties (EPP) released its interim results for the six-month period ended June 2017. During the period EPP successfully concluded €262 million in acquisitions, boosting the portfolio to €1.7 billion.
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News EPP acquires shopping mall in Inowrocław for €55 million
14
Jul
2017

EPP acquires shopping mall in Inowrocław for €55 million

by Ákos Budai
Echo Polska Properties NV (EPP) has finalised another acquisition – a takeover of Galeria Solna in Inowrocław from a company owned by Libra Project and Acteeum Group. The value of the deal was €55.4 million.
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News EPP to become a pure retail property fund
30
Jun
2017

EPP to become a pure retail property fund

by Ákos Budai
Echo Polska Properties NV announced results Q1 2017 with distributable earnings 3.2% ahead of budget at €16 million. At period end the portfolio was valued at €1.5 billion with a portfolio of 10 retail and nine office properties and two Warsaw-based retail development sites.
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News EPP completes acquisition of three Polish malls
20
Jun
2017

EPP completes acquisition of three Polish malls

by Ákos Budai
Echo Polska Properties announced the conclusion of the acquisition of three retail assets, Twierdza in Kłodzko, Twierdza in Zamość and Wzorcownia in Włocławek in Poland, from real estate funds managed by Blackstone for €141.60 million.
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News EPP finalises purchase of Galeria Młociny
06
Jun
2017

EPP finalises purchase of Galeria Młociny

by Ákos Budai
Echo Polska Properties (EPP) and Echo Investment have finalised the purchase of shares in the Galeria Młociny shopping centre in Warsaw, which is under construction. EPP is its majority shareholder (70%) and it will manage the completed asset whereas Echo Investment holds the remaining 30%, it is to finish the construction process and will be responsible for the commercialisation and marketing of the project.
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Latest news


New leases

  • One of Poland's largest alcohol importers and distributors is changing its Warsaw office. United Beverages Group will occupy nearly 2,700 sqm of space at My Place by Echo Investment in Warsaw's Mokotów district. The company will start work at the new address in mid-2023.
  • Gemini Park Tarnów will see the debut of the first Unisono shop in eastern Małopolska. The new tenant will occupy a 152 sqm unit. The store will open later this year.
  • The Gemini Park Tychy shopping centre is extending cooperation with its long-standing partner, the Silesia Jeans brand. The multibrand, which offers brands such as Levi's, Mustang, Lee and Wrangler, will soon open its second shop in the Tychy mall. The new store will be filled with clothes and accessories from two American fashion brands: Tommy Jeans and Calvin Klein Jeans. The new unit will be 140 sqm in size and is scheduled to open in the first quarter of 2023.

New appointments

  • Lucia Niculae has been appointed Business Development Director of Romanian construction company Pedro Construct. She has been an investor since 2018 and currently manages her own property portfolio. 
  • 108 Agency promoted Matej Indra to Head of Industrial Agency for the Czech Republic.
  • Michał Ozimek has joined the Valuation department at Corees Polska - Commercial Real Estate, taking up the position of Senior Valuation & Investment Analyst. Working in the agency's Warsaw branch, he will be responsible for supporting processes related to the development of property valuations.


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