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Echo Polska Properties NV (EPP) announced results for the three months ended 31 March 2017 with distributable earnings 3,2% ahead of budget at €16,0 million.
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.