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Echo Polska Properties NV (EPP) has concluded an acquisition agreement to acquire a 70% stake in Galeria Młociny in Warsaw for €29 million from Rosehill Investments sp. z o.o. Galeria Młociny will be developed at an estimated development yield on cost of approximately 7.1% and on completion is expected to be accretive to EPP. 

JSE listed Echo Polska Properties (EPP) - the leading Polish property group - today released maiden annual results for the period to December 2016 ahead of forecast, with distributions of 3,14 euro cents a share for the period 1 September to 31 December 2016 beating the pre-listing forecast by 2,2%. 

Echo Polska Properties NV (EPP) today announced the conclusion of a preliminary agreement to acquire four retail assets located across Poland from real estate funds managed by Blackstone.

Echo Polska Properties NV (EPP) has concluded an agreement to purchase a stake in the 22 Towarowa Street retail development site in Warsaw, with all outstanding conditions precedent fulfilled.

SA’s listed property sector continues to feed investor appetite, having raised about R153bn in the past six years.

Echo Polska Properties NV (EPP) today announced the conclusion of a preliminary agreement to acquire a holding in Hadley Dean  retail park in Kraków for €54 million.

Shareholders are advised that Mr Maciej Drozd will step down from his position as chief financial officer of EPP and Mr Jacek Bagiński will be appointed in his stead by 31 March 2017.

In one of the largest local property transactions of the year, Pivotal shareholders approved the transaction in which JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) will acquire all of the shares in property developer and capital growth fund Pivotal.

EPP (Echo Polska Properties N.V.) and Echo Investment S.A. (“Echo Investment”) are pleased to announce the conclusion of a formal and binding agreement in terms of which they will purchase the 22 Towarowa Street property from Griffin Real Estate (“Griffin”), Poland’s leading real estate fund on which retail development will be undertaken.

Echo Polska Properties N.V. (EPP), a leading Warsaw-based real estate investment fund debuted on the main board of the Johannesburg Stock Exchange (JSE) today under the abbreviated name “PolskProp” and JSE share code of EPP. Hadley Dean, EPP’s Poland based CEO was present to blow the traditional kudu horn to commemorate the company's entry on the JSE.

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