ARTICLES LABELLED WITH TAG EPP

News EPP to acquire Polish retail portfolio for €692 million
16
Oct
2017

EPP to acquire Polish retail portfolio for €692 million

by Import Sys
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 Import Sys
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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News EPP raises €150 million on JSE
07
Apr
2017

EPP raises €150 million on JSE

by Ákos Budai
Johannesburg Stock Exchange (JSE) listed Polish property group Echo Polska Properties (EPP) raised approximately ZAR2.2 billion (around €150 million) in an accelerated bookbuilding through the placing of app. 119 million new shares at a price of ZAR18.50 per share. Capital will be used to previously announced acquisitions and for further M&A opportunities in the retail segment within Poland.
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News Echo Investment and EPP buy Warsaw mall for €42 million
13
Mar
2017

Echo Investment and EPP buy Warsaw mall for €42 million

by Ákos Budai
Echo Polska Properties NV (EPP) and Echo Investment are buying Galeria Młociny in Warsaw from Rosehill Investments. The companies will pay nearly €42 million (including the liabilities of the company being the subject of the transaction) for the project which is already under construction. 
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News EPP buys 4 Polish malls from Blackstone
02
Feb
2017

EPP buys 4 Polish malls from Blackstone

by Ákos Budai
Echo Polska Properties (EPP) has concluded a preliminary acquisition agreement with two real estate funds managed by Blackstone, to acquire 4 retail properties for €166.57 million. The properties are Galeria Twierdza in Klodzko (€40.67m), Galeria Twierdza in Zamosc (€53.51m), Galeria Tecza in Kalisz (€23.21m) and Wzorcownia Shopping Centre in Wloclawek (€49.17m). 
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Latest news


New leases

  • Iulius Mall Suceava has attracted a raft of new tenants. LPP will inaugurate a 2,000 sqm Reserved store in October. German retailer New Yorker will open a 1,400 sqm unit, while TEDi discounter will open a 900 sqm store in the project owned by Iulius.
  • Exact Sciences, a global leader in molecular diagnostics and early cancer detection, has chosen the LIXA campus in Warsaw for its new Polish international enabling hub. The company has joined the tenants of the LIXA D office building, leasing a total of over 1,800 sqm of modern space on the first floor of the building at ul. Giełdowa 5 in Warsaw.
  • The Embassy of the Republic of the Philippines has moved to Bucharest-based SkyTower, operating out of a 580 sqm space under a 5-year lease agreement. The building also hosts the Embassy of the Republic of Korea in Romania.

New appointments

  • At the beginning of September, Ewa Ciołek and Piotr Meleszko were promoted to Senior Leasing Manager. MLP Group, recognising the internal competencies and achievements of its team, emphasises the importance of further improving the efficiency of its leasing operations, which are key to the company's dynamic growth.
  • Avison Young's Investment Advisory team in Poland has welcomed a new member, Katarzyna Sielewicz, who takes the role of Senior Consultant. Katarzyna holds a master’s degree in Finance from the Stockholm University School of Business and completed an exchange semester at Cass Business School in London. She gained international real estate experience working with the global Research and Strategic Advisory team at Cushman & Wakefield (formerly DTZ) in London.
  • Activ Property Services has announced the appointment of Ionuț Grigoraș as Partner in the industrial department. With more than 14 years of experience in the real estate sector, Grigoraș has worked with leading companies such as CTP, WDP, VLParks România, Logicor, P3, MDO, and MLP Group.

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