Wednesday, 16 January 2019 18:29

JSE-listed EPP outperforms the market in 2018

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%.

South Africans invested in Polish retail property are well positioned to benefit from the country’s growing consumer spend and the popularity of mall shopping among Poles.

Listed real estate investment trust (REIT) Redefine Properties (JSE: RDF) continues to weather challenging economic conditions by building a robust asset platform to sustain and nurture organic growth, both at home and abroad.

Fitch Ratings has affirmed real-estate company NEPI Rockcastle plc's Long-Term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB' with a Stable Outlook.

EPP, Poland’s largest retail property owner, posted distribution growth of 12% per share to EUR 5.82 cents for the six months ended 30 June 2018.

JSE-listed diversified real estate investment trust Redefine Properties continues to expand into the exciting Polish market with the acquisition of a 95% share for €185.8 million (R2.9 billion) in a portfolio of nine operating logistics properties located throughout Poland.

Leading JSE-listed international REIT Growthpoint Properties has successfully priced its inaugural US dollar-denominated 144A/Reg S Eurobond with a five-year maturity.

JSE-listed diversified Real Estate Investment Trust (REIT) Redefine Properties (JSE: RDF) has bolstered its liquidity and began a process to refine its international holdings following an agreement to sell a 19.5% stake in Australia-listed Cromwell to Singapore-based ARA Asset Management Limited.

JSE-listed diversified Real Estate Investment Trust (REIT) Redefine Properties (JSE: RDF) continues to advance its geographic diversification strategy with a strategic 25% stake in a 1 billion euro retail portfolio of 28 quality, established and well located assets across Poland.

JSE listed Echo Polska Properties (EPP) today announced the acquisition of 12 major shopping centres and retail parks (M1 portfolio) in three tranches over the next three years.

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