Hadley Dean, CEO of EPP. Images: EPP
Ticker

JSE-listed EPP outperforms in 2018

JSE-traded EPP, the pure Polish retail property fund, delivered a total return of 21% in 2018 to significantly outperform the market, making it the top performing listed property company of the year. This is a significant difference from the benchmark index (SAPY) total return of -25%.

EPP CEO, Hadley Dean, says this is an affirmation of the company’s strategy. “Our focus on retail, specifically in the Polish market has given us clear advantages over some of our competitors who are more exposed to markets that are not as strong as Poland,” Dean said.

EPP is one of only a few companies on the JSE property index (SAPY) to deliver a positive total return, according to Anchor Stockbrokers. The company, which first listed in August of 2016, announced its strategy to focus specifically on retail properties. It has more than doubled its portfolio, adding more than 240,000 sq m gross lettable area (GLA) to its total portfolio in 2018 and increased the total portfolio value to over EUR 2bn.

Galeria Młociny. Image: EPP

EPP is now focused on new ventures for 2019. This year the company will be completing the acquisition of six new properties. “We look forward to the addition of another 184,000 sq m of quality retail GLA,” said Dean, “This year will represent another key step in our mission to become the dominant owner of retail property across Poland.”

The company is also looking forward to the opening of Galeria Mlociny in the second quarter of this year “This is our flagship property in Warsaw and it will be the crown jewel in our portfolio” said Dean.

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

Ticker MORE

Award for Klaus Striebich

The retail real estate expert received the “ICSC Trustees Distinguished Service Award” in 2019

Foundation stone of Westfield Hamburg laid

On May 22, 2019 Unibail-Rodamco-Westfield (URW) laid the foundation stone of the Westfield Hamburg, located in Überseequartier, one of the major mixed-use districts in Europe, and Hamburg’s largest development project.

Sonae Sierra with another solid operational performance

The Company’s Net Result increased 25% to €19.1 million in the first quarter of 2019.

First “& Other Stories” in the Baltics

The premium and accessible fashion brand, & Other Stories opens its first ever Baltic Store in the shopping center Galleria Riga, in Riga, Latvia.

CCC opens Zagreb’s biggest shoe store

An almost 1,000 sq m store has opened its doors at Arena Centar.

Matthijs Storm proposed as new CEO of Wereldhave

The company‘s Supervisory Board announced the proposed nomination of as per August 1, 2019.