Echo debuts in Johannesburg
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The shares of Echo Polska Properties (EPP), a company jointly owned by Echo Investment and South Africa’s Redefine Properties, debuted on the Johannesburg Stock Exchange on September 13.
Two weeks ago, the company began trading on the Luxembourg Stock Exchange.
The value of EPP’s initial portfolio as of June 30, 2016 was €1.2 billion, with retail properties comprising 78 percent of the initial portfolio by market value.
Currently, EPP owns six office and 10 retail properties with a gross leasable area (GLA) totalling 446,400 sqm. The buildings are located in major cities across Poland and were all built by Echo Investment.
