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 and joined EPP in June 2016. Owing to his bold decisions and strategic thinking, EPP has become the largest and most successful retail real estate company operating in Poland. Hadley had led EPP in its expansion on the Polish market and contributed key though leadership to the company’s business strategy and vision going forward.
Regions active in (in which countries the company operates)
Poland.
Portfolio of all properties currently held by your company
24 retail assets, 6 office assets and 1 development project with a total of 1 000 000 sqm. GLA.
Office projects included in the portfolio
EPP currently manages 6 office properties, amounting to a total of 163 000 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 and Symetris Business Park in Łódź (the last three locations are owned by a JV between EPP and Henderson Park).
The value of office properties held by investor (in EUR)
0.2 billion euro
Retail projects included in the portfolio
The list includes Galeria Młociny in Warsaw, 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 Zakopianka in Kraków, Wzorcownia in Włocławek, Galeria Solna in Inowrocław, Galeria Twierdza in Kłodzko, CH GaleriaTwierdza in Zamość, Galeria Olimpia in Bełchatów, Galeria Veneda in Łomża, Outlet Park Szczecin and Centrum Echo Przemyśl, and the M1 properties in Łodź, Zabrze, Czeladź, Kraków, Bytom, Częstochowa, Radom and Poznań. Additionally, the Towarowa 22 development site in Warsaw.
The value of retail properties held by investor (in EUR)
2.4 bln euro
Warehouse projects included in the portfolio
n/a
The value of warehouse properties held by investor (in EUR)
n/a
The largest purchase transactions between October 2018 and September 2019 (subject of the transaction, its total take up area and value in EUR)
The company completed the transfer of the second tranche of the M1 portfolio which covers the Bytom, Częstochowa, Radom and Poznan M1 shopping centres totalling 141 000 sqm GLA for 224 mln euro. These are well-established properties with a 20-year track record, supported by strong anchors: Auchan, OBI and Media Markt. They’re located on large sites and catchments with over 200 ha of land on sites and with ample parking.
Future plans
Following its successful interim results in H1 2019, EPP remains firmly on track to meet its strategic goal to consolidate the Polish shopping centre market. All key operational highlights, including footfall, sales and occupancy have increased, and the company has continued to upgrade the size and quality of its assets in the most lucrative Polish cities. In the near future, EPP aims to maintain its asset recycling strategy, reap dividends from the initiatives of its asset management teams, integrate its portfolio of new assets and continue to work on its capital structure. EPP is looking forward to 2020, when its attractive and diversified pipeline will include 28 retail projects, with over 1 000 000 sqm o GLA, a footfall of over 120 mln and 40% of the Polish population within a 30 min drive.
Acquisition activity across the CEE real estate markets between October 2018 and September 2019
The company completed the transfer of the second tranche of the M1 portfolio which covers the Bytom, Czestochowa, Radom and Poznan M1 shopping centres totalling 141 000 sqm GLA for 224 mln euro. These are well-established properties with a 20-year track record, supported by strong anchors: Auchan, OBI and Media Markt. Located on large sites and catchments with over 200 ha of land on sites and with ample parking.
Why the company deserves the award (in a paragraph you can describe the specific achievements of the company)
In 2019 EPP opened Galeria Młociny, an 84 000 sqm mixed-use centre situated in a prime location in Warsaw’s Bielany district. This unique retail destination boasts an unbeatable shopping and F&B experience. The company also completed the transfer of the second tranche of the M1 portfolio which covers of the Bytom, Czestochowa, Radom and Poznan M1 shopping centres totalling 141 000 sqm GLA. Furthermore, EPP entered into a joint venture with Henderson Park which acquired a 70% stake in 105 000 sqm of EPP’s office portfolio. EPP continues to be responsible for the management of these properties, while the proceeds from this transaction will allow it to concentrate on its strategic asset recycling strategy of developing and populating its real estate portfolio. EPP is consistently investing in upgrading its portfolio: in H1 2019 it opened a fashionable new food court in Pasaż Grunwaldzki and is now transform its F&B offering in Galaxy and will focus on the same in Galeria Echo.
