Ticker

EPP raises EUR 150 million in new capital issue

JSE listed Polish property group Echo Polska Properties NV (EPP) raised approximately R2.2 billion in an accelerated bookbuilding through the placing of 118 918 918 new shares at a price of R 18.50 per share.

Capital will be used to previously announced acquisitions and for further M&A opportunities in retail segment within Poland.

“This is a huge success confirming that investors fully trust in Echo Polska Properties’ strategy,” said Hadley Dean, EPP CEO, commenting on the subscription results.

Following the new share issue scheduled for 13 April, 2017, EPP’s share capital will amount to 704 970 210 shares.

South African company Java Capital was the bookrunner of the issue.

Follow ACROSS on

Download

fb-art 150

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Revcap sells six Metro stores to MiDEAL Real Estate Funds

Revcap has sold six Metro stores with a total leasable area of ca. 130,000 sq m to Israeli fund manager MiDEAL Real Estate Funds.

CBRE sells BIG Shopping Park in Copenhagen to M&G

CBRE Investment Management, on behalf of the European Co-Investment Fund (ECF), has sold BIG Shopping Park in Copenhagen, owned in a joint venture with Portus Retail Partners to M&G Real Estate–part of M&G plc’s £65 billion private assets and alternatives business. The sale represents one of the largest European single-asset retail transactions.

Trei borrows another €27.5 Million for Retail Parks in Poland

Trei Real Estate borrowed €27.5 million in its first financing arrangement with the Polish bank Pekao. Collateral for the loan was provided in the form of seven Vendo Parks in Poland, all of which were completed during the past twelve months.

MPC Properties buys Delta City shopping center in Belgrade

MPC Properties acquired Delta City shopping center (open since 2007), expanding its portfolio to five regional retail assets with the latest, BEO Shopping Center opening in June 2020.

Mixed-use tower Timber Pioneer in Frankfurt receives building permits

The construction of the project developed by UBM Development and Paulus Immobilien is entering the implementation phase.

Newsec recruits Patrik Attemark as new CEO

Newsec will gather their present operations in seven countries under a single organization, led by Patrik Attemark who has been recruited as new CEO as of December.