JSE-listed EPP outperforms the market in 2018

Posted On Wednesday, 16 January 2019 18:29 Published by
Rate this item
(0 votes)

JSE-traded EPP, the pure Polish retail property fund, delivered a total return of 21% in 2018 to significantly outperform the market, making it the top performing listed property company of the year. This is a significant difference from the benchmark index (SAPY) total return of -25%.

 HADLEY-DEAN-

EPP CEO, Hadley Dean, says this is an affirmation of the company’s strategy. “Our focus on retail, specifically in the Polish market has given us clear advantages over some of our competitors who are more exposed to markets that are not as strong as Poland,” Dean said.

EPP is one of only a few companies on the JSE property index (SAPY) to deliver a positive total return, according to Anchor Stockbrokers.

The company, which first listed in August of 2016, announced its strategy to focus specifically on retail properties. It has more than doubled its portfolio, adding more than 240,000 sqm gross lettable area (GLA) to its total portfolio in 2018 and increased the total portfolio value to over EUR 2bn.

EPP is now focused on new ventures for 2019. This year the company will be completing the acquisition of six new properties. “We look forward to the addition of another 184,000 sqm of quality retail GLA,” said Dean, “This year will represent another key step in our mission to become the dominant owner of retail property across Poland.”

The company is also looking forward to the opening of Galeria Mlociny in the second quarter of this year “This is our flagship property in Warsaw and it will be the crown jewel in our portfolio” said Dean.

 

Last modified on Wednesday, 16 January 2019 18:38

Most Popular

Tshwane Regional Mall Grand Opening date set

Aug 31, 2019
  TSHWANE REGIONAL  MALL
24th October 2019, the long-awaited day earmarked for the grand opening of Tshwane…

Attacq Ltd and Tricolt break ground on Ellipse Waterfall

Aug 30, 2019
 13 2
Today Attacq Ltd the JSE listed REIT developing Waterfall City, and Waterfall Logistics…

Eris Property Group appoints successive CEO Barend de Loor

Aug 30, 2019
 BAREND DE LOOR
Eris Property Group has appointed a new Chief Executive Officer (CEO). Barend de Loor…

Redefine Properties appoints Daisy Naidoo as independent non-executive director

Aug 30, 2019
 STRATE 1
Redefine Properties appoints Daisy Naidoo as independent non-executive director.

Founder Marc Wainer retires from Redefine Properties

Aug 31, 2019
 MARC WAINER
JSE listed diversified real estate investment trust Redefine Properties today announced…

Please publish modules in offcanvas position.