EPP and Echo Investment awarded for Towarowa 22 plans

Posted On Tuesday, 21 May 2019 13:17 Published by
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EPP, Poland’s largest owner of shopping malls and its partner Echo Investment, the largest Polish real estate developer, received an award yesterday for their upcoming development in Warsaw, Poland.

-EPP-CEO-HARDLEY-DEAN-

The JSE-traded real estate company and Echo Investment, were honoured by one of Poland’s largest and most prominent daily newspapers, Rzeczpospolita Daily, for their plans for Towarowa 22, which will refurbish a part of Warsaw’s Wola District.

EPP and Echo Investment received the award for Real Estate with Impact for 2019. The honour is given to companies and individuals whose actions, decisions and projects have a significant impact on the development of the real estate industry and shape the quality of life in the city and in the future.

“We are really gratified to receive this honour,” said Hadley Dean, CEO of EPP. “We have worked very hard with all our developments to make sure they were seamlessly integrated into the surrounding communities and improve the quality of life for all residents. We believe that Towarowa 22 will be a standout in Warsaw that showcases the city in the best possible way, and we are pleased to be recognized for this.”

Rzeczpospolita Daily, which issued the award, has a vested interest in this particular region of Poland’s capital. The newspaper’s offices are situated directly adjacent to the future site of Towarowa 22.

“Our ambition is to build a multifunctional, well-designed urban neighbourhood that will attract people and encourage them to live, work and spend their free time there. Architects from the renowned international firm BIG have a similar approach, their projects become landmarks of their cities, regardless of geographical latitude. I am sure that Towarowa 22 will be recognised as a model-designed and built part of the metropolis ,” said Nicklas Lindberg, CEO of Echo Investment.

Towarowa 22 is a plot of about 6.5 hectares located in the Wola district in Warsaw. BIG Architects’ design plan calls for a multifunctional complex with a total of approximately 230,000 sqm of usable area. The owners of the Towarowa 22 project are EPP (70% of shares) and Echo Investment (30% of shares). EPP will manage the property and Echo Investment will be the project’s developer.

EPP is the largest owner of retail real estate in Poland. It operates like a REIT, with a current portfolio of 19 retail properties, six office buildings and two development sites in Warsaw, with one currently under construction, offering a total of over 835,000 m2 in Poland’s 20 biggest cities.

EPP is committed to providing the best possible rates of return as well as great shopping experiences. EPP is listed on the stock exchanges in Johannesburg (JSE) and Luxembourg (Euro MTF). 

Last modified on Tuesday, 21 May 2019 13:32

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