EPP N.V.

EPP is Poland's largest retail real estate company with a strategic goal to consolidate the Polish shopping center market. It manages more than €2 billion in assets and its current portfolio consists of 19 retail properties and 6 office buildings offering a total of over over 800,000 sqm of GLA as well as two mixed-use projects under construction.
EPP’s properties are located in Poland’s 20 biggest cities representing the fastest growing and highest-spending portion of the country’s burgeoning consumer market. The company creates the largest income-generating platform of profitable retail assets in Poland, resulting in strong rates of return as well as great shopping experiences.
EPP operates in a formula similar to REITs and employs 200 people. The company is listed on the stock exchanges in Johannesburg (JSE) and Luxembourg (Euro MTF).
Name of company EPP N.V.
Name of President or Managing Director for the region Hadley Dean, CEO
President or Managing Director for the region profile Hadley Dean has more than 20 years of real estate experience. He joined EPP in June 2016. Owing to his bold decisions and strategic thinking, in less than 3 years since its set up, EPP has become the largest and most successful retail real estate company operating in Poland. Prior to EPP, Hadley Dean served as a Managing Partner at Colliers International. Responsible for Colliers’ Eastern Europe region, he managed business across 12 countries, 16 offices, and more than 750 employees.
Description of company and team EPP is Poland's largest retail real estate company with a strategic goal to consolidate the Polish shopping center market. It manages more than €2 billion in assets and its current portfolio consists of 19 retail properties and 6 office buildings offering a total of over over 800,000 sqm of GLA as well as two mixed-use projects under construction.
EPP’s properties are located in Poland’s 20 biggest cities representing the fastest growing and highest-spending portion of the country’s burgeoning consumer market. The company creates the largest income-generating platform of profitable retail assets in Poland, resulting in strong rates of return as well as great shopping experiences.
EPP operates in a formula similar to REITs and employs 200 people. The company is listed on the stock exchanges in Johannesburg (JSE) and Luxembourg (Euro MTF).
Regions active in (in which countries the company operates) According to its long term strategy of consolidating the Polish retail market EPP focuses its operation on Poland, where it sees the biggest investment potential, especially in terms of the retail real estate sector in regional markets. EPP’s properties are located in 20 largest cities and towns throughout Poland with coverage of 40% of the national catchment area. These include i.e. Wrocław, Kielce, Szczecin, Kraków, Zabrze, Łódź and Poznań.
With the opening of Galeria Młociny, a 82,122 sqm mixed-use centre situated in a prime location in Bielany district, which delivery is scheduled to open in Spring 2019, EPP will also mark its presence in the Polish capital.
Portfolio of all properties currently held by your company EPP’s portfolio includes 19 retail properties and 6 office buildings, offering a total of over 800,000 sqm of GLA, as well as two mixed-use projects under construction.
Retail properties (685,000 sqm GLA) : Galeria Echo in Kielce, Galaxy in Szczecin, Pasaż Grunwaldzki in Wrocław, King Cross Marcelin in Poznań, Galeria Amber in Kalisz, Galeria Sudecka in Jelenia Góra, Park Handlowy Zakopiańska in Kraków, Wzorcownia in Włocławek, Galeria Solna in Inowrocław, Galeria Twierdza in Kłodzko, Twierdza in Zamość, Galeria Olimpia in Bełchatów, Galeria Veneda in Łomża, Outlet Park Szczecin , Centrum Echo Przemyśl, M1 – Zabrze, M1 – Czeladź, M1 – Kraków, M1 – Łódź.
Office properties (137,000 sqm GLA): Oxygen in Szczecin, Astra Park in Kielce, Park Rozwoju Warszawa (stage I, stage II), O3 Business Campus in Kraków, Malta Office Park in Poznań, Symetris Business Park in Łódź.
Projects under construction: Galeria Młociny in Warsaw and Towarowa 22 in Warsaw.
Office projects included in the portfolio EPP owns and manages 6 office properties - Oxygen in Szczecin, Astra Park in Kielce, Park Rozwoju Warszawa (stage I, stage II), O3 Business Campus in Kraków, Malta Office Park in Poznań, Symetris Business Park in Łódź. All of the company’s office buildings perform well – have low vacancy rates and are appreciated by both tenants and investors.
The value of office properties held by investor (in EUR) €310,050,000
Retail projects included in the portfolio EPP’s retail portfolio consists of 19 locally dominant shopping centers - Galeria Echo in Kielce, Galaxy in Szczecin, Pasaż Grunwaldzki in Wrocław, King Cross Marcelin in Poznań, Galeria Amber in Kalisz, Galeria Sudecka in Jelenia Góra, Park Handlowy Zakopiańska in Kraków, Wzorcownia in Włocławek, Galeria Solna in Inowrocław, Galeria Twierdza in Kłodzko, Twierdza in Zamość, Galeria Olimpia in Bełchatów, Galeria Veneda in Łomża, Outlet Park Szczecin, Centrum Echo Przemyśl, M1 – Zabrze, M1 – Czeladź, M1 – Kraków, M1 – Łódź.
All EPP’s properties are well communicated and can be easily accessed from the main roads.
EPP is also working on its flagship development in Warsaw - Galeria Młociny, which combines retail, office and leisure space. It is scheduled to open in Spring 2019. After completing Galeria Młociny project in 2019 and finalization of M1 acquisition in 2020, EPP’s portfolio will consist of at least 28 modern shopping centers comprising over 1 million square meters GLA.
The value of retail properties held by investor (in EUR) €1,765,000,000
Warehouse projects included in the portfolio EPP doesn’t have warehouse projects in its portfolio.
The value of warehouse properties held by investor (in EUR) N/A
The largest purchase transactions between October 2017 and September 2018 (subject of the transaction, its total take up area and value in EUR) In December 2017 EPP announced the acquisition of M1 portfolio composed of 12 dominant retail properties with a total of 446,500 sqm. The takeover totaled to €692 million and was one of the biggest deals in the history of the Polish real estate. At the end of July 2018 EPP informed about another important transaction – the acquisition of 45,353 sqm King Cross Marcelin Shopping Centre. The €91.1 million acquisition was EPP’s first entry into Poznan and brought its portfolio to 19 retail projects.
Future plans EPP is constantly analysing the development possibilities by exploring options for further acquisitions in regions where it is not present. The company is also examining opportunities of extensions and refurbishments at existing centers.
When it comes to EPP’s specific plans for future, it’s important to mention the finalizing of M1 deal. At the beginning of the year EPP purchased M1 Czeladź, M1 Kraków, M1 Lódź and M1 Zabrze, totaling collectively 194,400 sqm GLA. This will be followed in June 2019 by tranche 2 of €222.5 million GAV consisting of M1 Bytom, M1 Czestochowa, M1 Radom, PP Kielce, PP Olsztyn and PP Opole and adding 184,000 sqm GLA. The final €110.9 million tranche including M1 Poznań and PP Tychy collectively 68,100 sqm will conclude in June 2020.
Upon completion of Warsaw’s Galeria Młociny in Spring 2019 and the acquisition of the last tranche of M1 transaction in mid-2020, EPP’s portfolio will include at least 28 modern shopping centers comprising 1 million sqm GLA.
Acquisition activity across the CEE real estate markets between October 2017 and September 2018 In the period October 2017 – September 2018 EPP successfully completed three acquisitions. First one, announced in December 2017 and scheduled to be completed in mid-2020 was a €692 million acquisition of M1 portfolio. As a result of the takeover EPP acquired the 446,500 sqm portfolio comprised of eight M1 regional shopping centers with GLA ranging from 30,000 sqm to 55,000 sqm, which attract more than 40 million annual visitors and four retail power parks with GLA ranging from 20,000 sqm to 35,000 sqm.
Another important transaction was the acquisition of 45,353 sqm King Cross Marcelin Shopping Centre completed at the end of July 2018. The €91.1 million acquisition was EPP’s first entry into Poznań and another step in the strategy of becoming the dominant owner of retail properties in the most lucrative markets in Poland.
The third deal was acquisition of Symetris II Office Building in Łódź, worth €19 million.
Why the company deserves the award (in a paragraph you can describe the specific achievements of the company) Pursuing its long term strategy of consolidating the retail market in Poland, EPP is not only constantly increasing the scale of its operations, but also reshaping the retail landscape in regional cities. By changing traditional shopping centres into true retail destinations, where people like to spend free time, dine and meet friends, EPP provides its tenants with an optimal environment to develop their business.
With its stable cash flow, broad and high quality portfolio of retail properties with attractive and secure yields, and diversified tenant base of leading retailers with international brands, in less than three years EPP has become one of the leading cash-generating property companies delivering consistently high returns to shareholders.
Moreover, being a European corporation with a demonstrated track-record of successful developments in Poland, EPP is a living proof that Polish retail sector has a great investment potential and Poland itself is a European economic powerhouse
Company website http://www.pl.epp-poland.com/
Name of company
EPP N.V.
Name of President or Managing Director for the region
Hadley Dean, CEO
President or Managing Director for the region profile
Hadley Dean has more than 20 years of real estate experience. He joined EPP in June 2016. Owing to his bold decisions and strategic thinking, in less than 3 years since its set up, EPP has become the largest and most successful retail real estate company operating in Poland. Prior to EPP, Hadley Dean served as a Managing Partner at Colliers International. Responsible for Colliers’ Eastern Europe region, he managed business across 12 countries, 16 offices, and more than 750 employees.
Description of company and team
EPP is Poland's largest retail real estate company with a strategic goal to consolidate the Polish shopping center market. It manages more than €2 billion in assets and its current portfolio consists of 19 retail properties and 6 office buildings offering a total of over over 800,000 sqm of GLA as well as two mixed-use projects under construction.
EPP’s properties are located in Poland’s 20 biggest cities representing the fastest growing and highest-spending portion of the country’s burgeoning consumer market. The company creates the largest income-generating platform of profitable retail assets in Poland, resulting in strong rates of return as well as great shopping experiences.
EPP operates in a formula similar to REITs and employs 200 people. The company is listed on the stock exchanges in Johannesburg (JSE) and Luxembourg (Euro MTF).
Regions active in (in which countries the company operates)
According to its long term strategy of consolidating the Polish retail market EPP focuses its operation on Poland, where it sees the biggest investment potential, especially in terms of the retail real estate sector in regional markets. EPP’s properties are located in 20 largest cities and towns throughout Poland with coverage of 40% of the national catchment area. These include i.e. Wrocław, Kielce, Szczecin, Kraków, Zabrze, Łódź and Poznań.
With the opening of Galeria Młociny, a 82,122 sqm mixed-use centre situated in a prime location in Bielany district, which delivery is scheduled to open in Spring 2019, EPP will also mark its presence in the Polish capital.
Portfolio of all properties currently held by your company
EPP’s portfolio includes 19 retail properties and 6 office buildings, offering a total of over 800,000 sqm of GLA, as well as two mixed-use projects under construction.
Retail properties (685,000 sqm GLA) : Galeria Echo in Kielce, Galaxy in Szczecin, Pasaż Grunwaldzki in Wrocław, King Cross Marcelin in Poznań, Galeria Amber in Kalisz, Galeria Sudecka in Jelenia Góra, Park Handlowy Zakopiańska in Kraków, Wzorcownia in Włocławek, Galeria Solna in Inowrocław, Galeria Twierdza in Kłodzko, Twierdza in Zamość, Galeria Olimpia in Bełchatów, Galeria Veneda in Łomża, Outlet Park Szczecin , Centrum Echo Przemyśl, M1 – Zabrze, M1 – Czeladź, M1 – Kraków, M1 – Łódź.
Office properties (137,000 sqm GLA): Oxygen in Szczecin, Astra Park in Kielce, Park Rozwoju Warszawa (stage I, stage II), O3 Business Campus in Kraków, Malta Office Park in Poznań, Symetris Business Park in Łódź.
Projects under construction: Galeria Młociny in Warsaw and Towarowa 22 in Warsaw.
Office projects included in the portfolio
EPP owns and manages 6 office properties - Oxygen in Szczecin, Astra Park in Kielce, Park Rozwoju Warszawa (stage I, stage II), O3 Business Campus in Kraków, Malta Office Park in Poznań, Symetris Business Park in Łódź. All of the company’s office buildings perform well – have low vacancy rates and are appreciated by both tenants and investors.
The value of office properties held by investor (in EUR)
€310,050,000
Retail projects included in the portfolio
EPP’s retail portfolio consists of 19 locally dominant shopping centers - Galeria Echo in Kielce, Galaxy in Szczecin, Pasaż Grunwaldzki in Wrocław, King Cross Marcelin in Poznań, Galeria Amber in Kalisz, Galeria Sudecka in Jelenia Góra, Park Handlowy Zakopiańska in Kraków, Wzorcownia in Włocławek, Galeria Solna in Inowrocław, Galeria Twierdza in Kłodzko, Twierdza in Zamość, Galeria Olimpia in Bełchatów, Galeria Veneda in Łomża, Outlet Park Szczecin, Centrum Echo Przemyśl, M1 – Zabrze, M1 – Czeladź, M1 – Kraków, M1 – Łódź.
All EPP’s properties are well communicated and can be easily accessed from the main roads.
EPP is also working on its flagship development in Warsaw - Galeria Młociny, which combines retail, office and leisure space. It is scheduled to open in Spring 2019. After completing Galeria Młociny project in 2019 and finalization of M1 acquisition in 2020, EPP’s portfolio will consist of at least 28 modern shopping centers comprising over 1 million square meters GLA.
The value of retail properties held by investor (in EUR)
€1,765,000,000
Warehouse projects included in the portfolio
EPP doesn’t have warehouse projects in its portfolio.
The value of warehouse properties held by investor (in EUR)
N/A
The largest purchase transactions between October 2017 and September 2018 (subject of the transaction, its total take up area and value in EUR)
In December 2017 EPP announced the acquisition of M1 portfolio composed of 12 dominant retail properties with a total of 446,500 sqm. The takeover totaled to €692 million and was one of the biggest deals in the history of the Polish real estate. At the end of July 2018 EPP informed about another important transaction – the acquisition of 45,353 sqm King Cross Marcelin Shopping Centre. The €91.1 million acquisition was EPP’s first entry into Poznan and brought its portfolio to 19 retail projects.
Future plans
EPP is constantly analysing the development possibilities by exploring options for further acquisitions in regions where it is not present. The company is also examining opportunities of extensions and refurbishments at existing centers.
When it comes to EPP’s specific plans for future, it’s important to mention the finalizing of M1 deal. At the beginning of the year EPP purchased M1 Czeladź, M1 Kraków, M1 Lódź and M1 Zabrze, totaling collectively 194,400 sqm GLA. This will be followed in June 2019 by tranche 2 of €222.5 million GAV consisting of M1 Bytom, M1 Czestochowa, M1 Radom, PP Kielce, PP Olsztyn and PP Opole and adding 184,000 sqm GLA. The final €110.9 million tranche including M1 Poznań and PP Tychy collectively 68,100 sqm will conclude in June 2020.
Upon completion of Warsaw’s Galeria Młociny in Spring 2019 and the acquisition of the last tranche of M1 transaction in mid-2020, EPP’s portfolio will include at least 28 modern shopping centers comprising 1 million sqm GLA.
Acquisition activity across the CEE real estate markets between October 2017 and September 2018
In the period October 2017 – September 2018 EPP successfully completed three acquisitions. First one, announced in December 2017 and scheduled to be completed in mid-2020 was a €692 million acquisition of M1 portfolio. As a result of the takeover EPP acquired the 446,500 sqm portfolio comprised of eight M1 regional shopping centers with GLA ranging from 30,000 sqm to 55,000 sqm, which attract more than 40 million annual visitors and four retail power parks with GLA ranging from 20,000 sqm to 35,000 sqm.
Another important transaction was the acquisition of 45,353 sqm King Cross Marcelin Shopping Centre completed at the end of July 2018. The €91.1 million acquisition was EPP’s first entry into Poznań and another step in the strategy of becoming the dominant owner of retail properties in the most lucrative markets in Poland.
The third deal was acquisition of Symetris II Office Building in Łódź, worth €19 million.
Why the company deserves the award (in a paragraph you can describe the specific achievements of the company)
Pursuing its long term strategy of consolidating the retail market in Poland, EPP is not only constantly increasing the scale of its operations, but also reshaping the retail landscape in regional cities. By changing traditional shopping centres into true retail destinations, where people like to spend free time, dine and meet friends, EPP provides its tenants with an optimal environment to develop their business.
With its stable cash flow, broad and high quality portfolio of retail properties with attractive and secure yields, and diversified tenant base of leading retailers with international brands, in less than three years EPP has become one of the leading cash-generating property companies delivering consistently high returns to shareholders.
Moreover, being a European corporation with a demonstrated track-record of successful developments in Poland, EPP is a living proof that Polish retail sector has a great investment potential and Poland itself is a European economic powerhouse
Company website
http://www.pl.epp-poland.com/

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