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Tuesday, 05 September 2017 15:39

Echo Polska Properties exceeds interim targets

SE listed Echo Polska Properties (EPP) - the pure Polish property play - today released interim results for the six-month period ended June 2017 (“the period”) with distributions of 5.192 eurocents a share 3.2% ahead of budget.

Echo Polska Properties NV (EPP) today announced the acquisition of another retail asset Galeria Solna in Inowrocław, North West Poland.

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) today announced the conclusion of the acquisition of three retail assets located across Poland from real estate funds managed by Blackstone for €141.60 million.

Echo Polska Properties, the dual JSE and LuxSE listed ‘pure Polish property play’ announced earlier today.

Echo Polska Properties NV (EPP) has made two new board appointments following the annual general meeting on 19 May 2017:

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. 

JSE listed Echo Polska Properties (EPP) - the leading Polish property group - today released maiden annual results for the period to December 2016 ahead of forecast, with distributions of 3,14 euro cents a share for the period 1 September to 31 December 2016 beating the pre-listing forecast by 2,2%. 

Echo Polska Properties NV (EPP) today announced the conclusion of a preliminary agreement to acquire four retail assets located across Poland from real estate funds managed by Blackstone.

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.

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