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.

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.

Echo Polska Properties (EPP), in which South Africa’s Redefine Properties (JSE: RDF) holds a strategic 49.9% stake, is aiming to list on the Luxembourg Stock Exchange (LuxSE) in August 2016 followed by a listing on the Johannesburg Stock Exchange (JSE) in September 2016.

Acquisition of an interest in Echo Prime Properties B.V.

South African Real Estate Investment Trust (REIT) Redefine Properties is significantly broadening its offshore footprint via an initial 75% investment into a 1.2 billion euro high-yielding commercial platform comprising 18 properties in the rapidly-expanding and exciting Polish market.

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