EPP acquires four M1 shopping centers for €224m

EPP acquires four M1 shopping centers for €224m

Published at: 2019-07-02 08:30 | Author: CIJEurope.com
In a deal valued at €224m, EPP has completed the purchase of four M1 shopping centers in Bytom, Częstochowa, Radom and Poznan. The JSE-listed company is already the largest owner of retail real estate in Poland, and this deal will add an additional 141,000 sqm of GLA to its portfolio.“This tranche of the M1 is great for us, because it opens three new markets, and we expand our reach throughout Poland’s most lucrative markets. The properties also add opportunities for us to strategically increase their value,” said Hadley Dean, CEO of EPP.

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