ARTICLES LABELLED WITH TAG EPP

News EPP to manage M1 shopping centres and Power Parks in Poland
24
Apr
2024

EPP to manage M1 shopping centres and Power Parks in Poland

by Property Forum
EPP is taking over the management of nine M1 shopping centres and three Power Parks from Metro Properties Polska. Some of Metro Properties Polska's employees, including local property management teams will join EPP. The company plans to develop the properties through leasing activities and space rearrangements and upgrades.
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News EPP and Echo secure €145.2 million refinancing for Galeria Młociny
03
Apr
2024

EPP and Echo secure €145.2 million refinancing for Galeria Młociny

by Property Forum
EPP and Echo Investment have secured a loan of €145.2 million for the new financing of the Galeria Młociny shopping centre located in Warsaw. Erste Bank Group AG (Austria), Rand Merchant Bank, a division of FirstRand Bank Limited (Republic of South Africa) and Santander Bank Polska (Poland) acted as arrangers of the new credit facility, with Santander Bank Polska also acting as Facility Agent, Security Agent and Account Bank.
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News Two Polish giants to join forces
28
Feb
2024

Two Polish giants to join forces

by Property Forum
Murapol - one of the largest developers has started a cooperation with EPP - the largest shopping centre manager in the country. They plan to establish joint ventures. They have notified the UOKiK (Office of Competition and Consumer Protection) of their intention to concentrate.
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News EPP decarbonization targets validated by SBTi
02
Oct
2023

EPP decarbonization targets validated by SBTi

by Property Forum
EPP’s near- and long-term science-based targets have been validated by the Science Based Targets initiative (SBTi). By 2050, the largest asset manager of retail real estate located in Poland commits to achieve net-zero greenhouse gas (GHG) emissions across scopes 1, 2 and 3. 
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News Urszula Matej-Bil joins EPP's Management Board
28
Mar
2023

Urszula Matej-Bil joins EPP's Management Board

by Property Forum
Effective from the beginning of March 2023, Urszula Matej-Bil has been appointed Management Board Member responsible for marketing and communications at EPP, the largest asset manager of retail real estate located in Poland. She has been at the company since 2019 when she joined its structures as PR and Communications Director.
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News AFI buys 70% of Towarowa 22 project for €180 million
10
Jun
2022

AFI buys 70% of Towarowa 22 project for €180 million

by Property Forum
EPP has finalised the sale of its 70% stake in the Towarowa 22 mixed-use project in Warsaw to AFI Europe. It is historically one of the largest land transactions in Poland in terms of value, with the total plot value exceeding €180 million.
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News EPP introduces ESG strategy and releases first report
09
Jun
2022

EPP introduces ESG strategy and releases first report

by Property Forum
EPP, the largest asset manager of retail real estate in Poland, implemented a sustainable development strategy in 2021. The company aims to conduct its business in a responsible and transparent way while reducing its environmental impact and strengthening its social commitment. Following the strategy, EPP has set targets for the years 2022-2025 and is launching its first report, giving its ESG achievements to date the framework of GRI international reporting and EPRA standards.
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News EPP shifts strategy and prepares for new challenges in retail
04
Apr
2022

EPP shifts strategy and prepares for new challenges in retail

by Michał Poręcki
Retail investor EPP has recently delisted from the Johannesburg and Luxembourg stock exchanges and announced the sale of certain assets. Tomasz Trzósło, CEO of EPP talked to Property Forum about the rationale behind these decisions, the impact of the war in Ukraine on the Polish retail market and its overall condition in the new, post-pandemic era.
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News EPP delists from stock exchanges and shifts its portfolio
23
Mar
2022

EPP delists from stock exchanges and shifts its portfolio

by Property Forum
On March 8th 2022, EPP was delisted from the Johannesburg and Luxembourg stock exchanges with the support of the vast majority of the company's shareholders. The new owner of EPP is Redefine Properties, the second-largest Real Estate Investment Trust (REIT) listed on the Johannesburg Stock Exchange. There have also been changes in the EPP portfolio. The company has sold part of the assets by establishing two joint ventures and signed preliminary sale agreements for the Towarowa 22 and Power Park Opole projects.
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News EPP distributable earnings up 54% in H1 2021
15
Sep
2021

EPP distributable earnings up 54% in H1 2021

by Property Forum
EPP delivered a solid performance for the first six months of 2021 in line with expectations. Both EPP’s distributable earnings increased by 54% to €33.2 million, compared to H1 2020. EPP’s net asset value per share increased by 3% to €1.12. A swift operational recovery following lockdowns and the progress made in Poland’s COVID-19 vaccination programme, low infection rates, a resilient economy, and high employment levels all support EPP’s robust performance and bode well for the future.
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Latest news


New leases

  • The Unisono chain has joined the ranks of tenants at Designer Outlet Sosnowiec (southern Poland). The women's clothing brand will occupy 115 sq m of space in the facility.
  • Borg Automotive Group will move into new premises at HI Piotrkowska office building in Łódź in February 2025. It will occupy approximately 300 sqm. Brookfield Partners supported the tenant in the negotiation process.
  • TK Maxx shop will be opened at Ferio Konin (central Poland). The brand will occupy 2,000 sqm of space in the extended part of the shopping centre.

New appointments

  • Agnieszka Słomka-Gołębiowska has resigned from her position as a member of the Supervisory Board and chair of the Audit Committee of Ghelamco Invest. The position of member of Ghelamco's Supervisory Board will be filled by Lidia Jabłonowska-Luby. An existing member of the Audit Committee, Jarosław Myjak, was also appointed to act as chairman of the Audit Committee.
  • MLP Group is from now on working with a smaller board of directors. Monika Dobosz has resigned from her position. She had served on the company's board since July 2022, when she was appointed to the board together with Agnieszka Góźdź.
  • After almost eight years at the helm of Savills IM's Polish office, Piotr Trzcinski is leaving the firm. He joined Savills IM in 2017.

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