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ECHO POLSKA PROPERTIES N.V. - Acquisition of ROFO properties

Release Date: 04/10/2016 09:46
Code(s): EPP     PDF:  
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Acquisition of ROFO properties

ECHO POLSKA PROPERTIES N.V.
(Incorporated in the Netherlands)
(Company number 64965945)
JSE share code: EPP
ISIN: NL0011983374
(“EPP” or “the company”)


ACQUISITION OF ROFO PROPERTIES

Shareholders are referred to EPP’s prospectus published on 30 August 2016 and pre-listing statement published on 31
August 2016 (together, the “Listing Documents”), wherein details of the acquisition of O3 Business Campus, A4
Business Park, Tryton Business House and Symetris Business Park (collectively, the “ROFO properties”) were
disclosed.

EPP is pleased to announce the conclusion of the preliminary purchase agreements contemplated in Annexure 7 of the
Listing Documents, between subsidiaries of EPP (as purchaser) and Echo Investment S.A. (as seller). The completion
of each purchase remains conditional upon the satisfaction of the following conditions precedent in respect of the
relevant ROFO property within a period of three years:

  (i)     an occupancy permit being obtained;
 (ii)     the lease or pre-lease of at least 60% of the leasing space;
(iii)     the execution of a rental guarantee agreement between the relevant purchaser and seller, valid for a period
          of three years;
 (iv)     the execution of a new credit facility agreement; and
  (v)     an individual interpretation of the tax law being obtained, if required.

4 October 2016


JSE sponsor
Java Capital

LuxSE Listing Agent
M Partners 


More information:

Wojciech Gepner, PR Manager Echo Investment,
Phone: +48 41 33 33 700,
Mobile: +48 664 900 700,
Wojciech.Gepner@echo.com.pl

Magda Cieliczko, Marketing Director Echo Polska Properties,
Mobile: +48 603 203 619
magda.cieliczko@echo-pp.com

Java Capital, JSE Sponsor
Phone: +27 11 722 3050

M Partners, Luxembourg Listing Agent
Phone: +352 263 868 602

Jacques de Bie, South Africa, Investor Relations, Singular Systems IR
Mobile: +27 (0)82 691 5384

About Echo Polska Properties

Echo Polska Properties is a real estate investment fund that follows the REIT formula, investing in commercial office,
retail, and industrial properties throughout Poland. With a current portfolio that includes six office and ten retail
projects totaling GLA 446,400 sqm, its initial portfolio is highly diversified. The buildings are located in eleven major
cities across Poland which is characterized by their strong economy and purchasing power and an ability to attract
international investment interests. The goal of EPP is to create Poland’s leading cash-generating platform of well
performing office, retail, and industrial assets that will deliver consistently high returns to our shareholders.
More information can be found on www.echo-pp.com.

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