Echo Polska Properties debuts on Luxembourg Stock Exchange

Echo Polska Properties (EPP), a company jointly owned by Echo Investment  and South Africa’s Redefine Properties, has announced that it debuted on the Luxembourg Stock Exchange (LuxSE) on August 31, 2016. "On August 30, 2016, the prospectus of Echo Polska Properties (EPP) was approved, and EPP's shares were introduced to trade on August 31, 2016," a statement read.

As of June 30, 2016, the value of EPP’s initial portfolio was €1.2 billion, with retail properties comprising 78 percent of the initial portfolio by market value.

“EPP’s listing on the LuxSE and the JSE is anticipated to provide it with significantly improved access to expansionary capital and provide existing and future shareholders with an opportunity to invest in a dynamic and highly-attractive economy,” said Hadley Dean, CEO of EPP.

Currently, EPP owns six office and 10 retail properties with a gross leasable area (GLA) totalling 446,400 sqm.