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ECHO POLSKA PROPERTIES N.V. - Acquisition of 70% interest in Galeria Mlociny

Release Date: 01/06/2017 09:00
Code(s): EPP     PDF:  
Wrap Text
Acquisition of 70% interest in Galeria Mlociny

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


ACQUISITION OF 70% INTEREST IN GALERIA MLOCINY


Shareholders are referred to the announcement released on 10 March 2017, wherein they were advised of the conclusion
of agreement relating the acquisition by EPP of an effective 70% of the Galeria Mlociny Shopping Centre in Warsaw.
Shareholders are advised that the transaction was completed on 31 May 2017.

Galeria Mlociny is a mixed use development of approximately 81 900 m2 (of which approximately 71 050 m2 will be
retail space) situated in North Warsaw, Poland. Construction of the first phase of Galeria Mlociny commenced in October
2016 and is on track for completion in the second quarter of 2019. The development is c. 55% preleased to strong anchor
tenants including Inditex brands, C&A, Van Graaf, H&M and CCC – shoe retailer. Contracts have also been signed with
RTV Euro AGD, Jysk, Intermarche and Go Sport. Galeria Mlociny is situated next to the Mlociny transport hub, the
main public transport hub for residents of North Warsaw and surrounds, which is used daily by c.40 000 people.

1 June 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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