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

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. 

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.

EPP (Echo Polska Properties N.V.) and Echo Investment S.A. (“Echo Investment”) are pleased to announce the conclusion of a formal and binding agreement in terms of which they will purchase the 22 Towarowa Street property from Griffin Real Estate (“Griffin”), Poland’s leading real estate fund on which retail development will be undertaken.

Most Popular

Major Milk Processing Plant in South Africa (In liquidation) up for Sale

Feb 27, 2018
Dairy Day
A major dairy processing plant has recently been liquidated in South Africa. 

Thavhani Mall welcomes Rocomamas, Burger King and KFC to its first-rate retail mix

Mar 09, 2018
Aerial image of Thavhani Mall
Since the 50,000sqm regional Thavhani Mall in Thohoyandou, Limpopo, opened its doors late…

Growthpoint becomes the first company to issue a Green Bond on the JSE

Mar 12, 2018
Norbert Sasse Growthpoint Properties
Growthpoint Properties is the first South African company to issue a Green Bond on the…

AuctionInc Multi-Property event around the corner

Feb 26, 2018
pretoria main
2018 is off to a strong start for AuctionInc.

Please publish modules in offcanvas position.