Echo sells shares in Echo Polska Properties for €20.82 mln

Echo Prime Assets, a subsidiary of Echo Investment, has received an offer and confirmed the terms of sale of 18.1 million shares in Echo Polska Properties (EPP) for €20.82 million, less transaction costs, the company has said. The expected date of settlement of the sale of shares is no later than Ju...

EPP portfolio grows by almost 30% in 2017

The value of the portfolio of investor Echo Polska Properties (EPP) grew by 29 percent in 2017, to €1.95 billion. The company last year acquired assets worth approximately €334 million and announced the acquisition of the M1 retail portfolio, valued at around €692 million. The purchase will be carri...

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 ...