Echo Polska Properties seeks dual Johannesburg - Luxembourg listing

Echo Polska Properties (EPP), a company jointly owned by Echo Investment  and South Africa’s Redefine Properties is aiming to list on the Luxembourg Stock Exchange (LuxSE) in August 2016 followed by a listing on the Johannesburg Stock Exchange (JSE) in September 2016, the company said in a press release.

“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,” says Hadley Dean, CEO of EPP.

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 square metres. The buildings are located in major cities across Poland, and were all built by Echo Investment. EPP is backed by an experienced board and staff complement, which continues to drive its development into one of the largest property funds in Poland.