M1 Shopping Centre

EPP to acquire major retail portfolio for €692 mln

Investor Echo Polska Properties (EPP) is to acquire twelve M1 shopping centers and retail parks across Poland from an entity owned by PIMCO, Oaktree and Redefine Properties for a total of €692 million. The company will buy the assets in three tranches with the transaction expected to be closed in mi...

EPP finishes Outlet Park Szczecin extension

Investor Echo Polska Properties (EPP) has finished the latest phase of the Outlet Park Szczecin extension in Szczecin in north-western Poland, which has delivered an additional 3,800 sqm of retail space. The new area has already been fully leased out to tenants including Guess, Solar, Bagatelle, Pie...

Echo Investment sells EPP shares for €49 mln

WSE-listed real estate group Echo Investment sold 40 million shares of its subsidiary Echo Polska Properties for €49 million. EPP is minority-owned by Echo, the majority (75 percent) is controlled by South African REIT Redefine, which allowed for the transaction to go through as it had the lock up r...

EPP completes €141.6 mln mall acquisition

Real estate investor Echo Polska Properties (EPP) has completed the acquisition of three retail assets – Galeria Twierdza in Kłodzko, Galeria Twierdza in Zamość and Wzorcownia in Włocławek – from property funds managed by Blackstone for a total of €141.6 million. The company originally announced the...

EPP acquires Katowice office building for over €27.5 mln

Developer Echo Investment and investor Echo Polska Properties (EPP) have signed an agreement regarding the sale of the third office building in the A4 Business Park complex in Katowice. A preliminary agreement for the sale of the property was announced by the companies in October last year when EPP ...

EPP finalizes €53.3 mln retail park acquisition in Kraków

Investor Echo Polska Properties (EPP) has finalized the acquisition of the Zakopianka retail park in Kraków from a fund managed by Tristan Capital Partners for €53.3 million. Savills advised the buyer on the transaction, which was preliminarily agreed in December last year and excludes the Carrefour...

EPP raises €150 mln for Polish acquisitions

Johannesburg Stock Exchange-listed investor Echo Polska Properties (EPP) has raised approximately €150 million through the placing of 118 918 918 new shares. The company, which is focused on investment in commercial property in Poland, will use the newly raised capital to finance its previously anno...
Image: Echo Investment

EPP, Echo Investment acquiring Galeria Młociny mall in Warsaw

Dutch real estate investment company Echo Polska Properties (EPP) and Warsaw Stock Exchange-listed developer Echo Investment are in the process of acquiring the under-construction Galeria Młociny shopping center project located in the northern Bielany district of the Polish capital from Rosehill Inv...

Locked content Echo Polska Properties with €3.14 profit per share

Echo Properties Polska (EPP), REIT-like investment vehicle minority owned by WSE-listed Echo Investment, had a €3.14 profit per share in the last four months of 2016. The result exceeded by 2.2 percent forecasts presented before its market debut. “Asset management initiatives and the accretive benef...