of retail in Poland
Towarowa 22 will be the largest mixed use project in the center of Warsaw. It spans the area of 6.5 hectares and it is located in the heart of the fastest growing part of the city and is the largest commercial plot in the center.
The beginning of construction works is planned for 2018.
Wola - the district in which the site is located - is the fastest growing part of Warsaw. With the construction of the second metro line and improving infrastructure, it is the most popular location for office and residential projects. There are approx. 500 000 sqm. of new offices in the pipeline so that the area will become the most important business district of the city. Within a 10 minute walk from Towarowa 22 there are 140 000 people living nearby and according to the study between 2015 and 2025 the population will increase for another 25%. During rush hours there are nearly 6000 cars passing the plot every day.
Galeria Młociny is a mixed use project with a combined leasable area of 81 900m² of which 71 000m² is earmarked for retail, entertainment and gastronomy. It will include a modern cinema, a fitness club, an extensive food court and a medical centre. Already 60% pre-leaed.
Construction of the first phase commenced in October 2016 with completion scheduled for march 2019.
Galeria Echo remains one of the biggest schemes in the portfolio, well established regional shopping centre and the most dominant retail destination in Kielce and wider catchment area. It has 229 retail units. The property is located outside the city centre, close to universities and residential dwellings, ca 3 km north – east of the city centre.
The shopping centre building has an irregular shape, with two upper floors organized on a rectangular layout. The ground floor is arranged along four corridors and accommodates a large retail unit located at the end of original part of shopping centre. Two upper floors and -1 level are arranged in a rectangular shape, with two longitudinal passageways, composed of small retail units on floor -1 and +1. Floor +2 accommodates large units with fitness, bowling and home decoration retailers. The car park offers nearly 2,000 spaces.
Galaxy shopping centre is currently a 168 retail unit modern shopping centre after the opening of a new part of almost 19.000 sq.m.
The property is located in the central part of Szczecin. It is one of two dominant retail schemes in the region. The property currently comprises two buildings: a shopping centre and a 5-storey, 1,270 spaces car park, connected to the main building by a bridge above the internal road and on ground level via a pedestrian crossing.
Pasaż Grunwaldzki is a 185 retail unit modern shopping centre situated at Plac Grunwaldzki in central part of Wrocław. The property comprises one of the major retail schemes in the city.
The shopping centre is arranged over a single underground floor, a ground and three upper levels. In total the centre has some 1,270 car parking spaces.
EPP is a Dutch dual listed real estate investment company that follows the REIT formula, investing in retail and office properties throughout Poland. With a current portfolio that includes 6 office, 18 retail projects and two retail development sites in Warsaw, totalling over GLA 808 000 m². Our initial portfolio is highly diversified. The buildings are located in 18 cities across the country, characterized by their strong economy and purchasing power, and ability to attract international investment interests. Our goal is to create Poland’s leading, cash-generating platform of well-performing office, retail, and industrial assets that will deliver consistently high returns to our shareholders.See More
EPP was created on base of Polish cash-generating commercial projects built and held by Echo Investment, listed on Warsaw Stock Exchange (WSE) developer company controlled by consortium of the most active real estate investor in Central and Eastern Europe - Griffin Real Estate together with Oaktree and PIMCO funds. Apart from owning and managing former Echo Investment's projects, EPP invests in Poland's based commercial properties.
On 1 January 2016, a South African REIT headquartered in Johannesburg - Redefine Properties - acquired a 75% stake in EPP’s issued ordinary share capital, subsequently reducing its shareholding to just under 50% through the on-sale of EPP ordinary shares to a consortium of selected co-investors.