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ECHO POLSKA PROPERTIES N.V. - Acquisition of Zakopianka Retail Park

Release Date: 25/04/2017 11:00
Code(s): EPP     PDF:  
Wrap Text
Acquisition of Zakopianka Retail Park

(Incorporated in The Netherlands)
(Company number 64965945)
JSE share code: EPP
ISIN: NL0011983374
(“EPP”)


ACQUISITION OF ZAKOPIANKA RETAIL PARK


Shareholders are referred to the announcement released on 12 December 2016, wherein they were advised of the
conclusion of a formal agreement relating to the acquisition by EPP of 100% of the equity in EPISO 3 Zakopianka sp. z
o.o (the “acquired entity”) that is the holder of leasehold rights that entitle the acquired entity to all rental income
derived from leases concluded by tenants occupying premises within Zakopianka Retail Park other than those portions of
the Zakopianka Shopping Centre leased to owner occupied Carrefour and Castorama stores (“the transaction”).

Shareholders are advised that all outstanding conditions precedent have now been fulfilled and the transaction was
accordingly completed today, 25 April 2017 for an amount of EUR53.3 million. The property is currently 98% leased.

25 April 2017


JSE Sponsor
Java Capital

LuxSE Listing Agent

M Partners
More information:

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, LuxSE Listing Agent
Phone: +352 263 868 602

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

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