Towarowa 22 - Warsaw Retail Development Site Warszawa, ul. Towarowa 22
We are a leading Dutch real estate investment company with the potential to double in size in coming years.
Currently, we own 9 office and 15 retail properties with a gross leasable area (GLA) totalling 636 170 square metres in major cities across Poland, the largest economy in Central Europe. We also own 70% stakes in two development projects in Warsaw. Added to this is our 25% development profit participation in and the right of first offer from Echo Investment to purchase 3 properties (known as ROFO projects). The ROFO projects are at various stages of construction and are set to be completed between 2016 and 2018.
In addition to organic growth of our property portfolio, significant growth opportunities are embedded by virtue of extensions, reduction in vacancy rates and arrangements regarding the ROFO projects. Shareholders stand to benefit from the returns that will emanate from high quality, modern and sizeable properties in our portfolio. We are backed by an experienced board and staff complement, which continues to drive our development into one of the largest property funds in Poland. We also have the strategic benefit of long-term investors with a wealth of real estate experience and proven track records in Redefine Properties (one of the largest real-estate investment trusts in South Africa) and Echo Investment (a recognised market leader in the Polish commercial and residential property development space).
Hadley Dean, CEO
Warsaw, 13 July 2017 – Echo Polska Properties NV (EPP) has just finalized another acquisition – a takeover of Galeria Solna in Inowrocław from a company owned by Libra Project and Acteeum Group.
Warsaw, 29 June 2017 – Echo Polska Properties NV (EPP) today announced results for the three months ended 31 March 2017 (“the period”) with distributable earnings 3,2% ahead of budget at €16,0 million. At period end the portfolio was valued at €1,5 billion with a portfolio of 10 retail...
Warsaw, 19 June 2017 – Echo Polska Properties NV (EPP) announced the conclusion of the acquisition of three retail assets, Twierdza in Kłodzko, Twierdza in Zamość and Wzorcownia in Włocławek in Poland, from real estate funds managed by Blackstone for €141.60 million. The transaction was...
Towarowa 22 - Warsaw Retail Development Site Warszawa, ul. Towarowa 22
Galeria Młociny Warsaw, ul. Zgrupowania AK „Kampinos”
Galeria Echo Kielce, Świętokrzyska 20
Pasaż Grunwaldzki Wrocław, pl. Grunwaldzki 22
Galaxy Szczecin Szczecin, Al. Wyzwolenia 18-10
Galeria Amber Kalisz, Górnośląska 82
Park Rozwoju (phase I and II) Warszawa, Konstruktorska 12
Galeria Sudecka Jelenia Góra, Jana Pawła II 51
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.
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.
Galaxy shopping centre is currently a 132 retail unit modern shopping centre. In March 2016 a building permit was issued for an extension of the property. Ultimately the shopping centre will include 176 retail units of ca. 56 300 m2 rentable retail area. The opening of the extended part of the centre is scheduled for October 2017.
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.
Galeria Amber is a 117 retail unit modern shopping centre. The property lies outside the city centre, in the close surroundings of the city’s railway station (PKP Kalisz) and main bus terminal, ca. 2,5 km south – west of the city centre.
The shopping centre building has a trapezoidal shape. The ground floor and the first floor are arranged along two longitudinal passageways with two islands, each of them composed of small retail units. The second floor is occupied by a cinema and café. In total the centre has some 1,002 car parking spaces.
Park Rozwoju is a modern complex of two office buildings. Administratively the property lies in the Mokotów district (southern Warsaw) but in terms of the office market lies in the second largest office area in Warsaw.
Both of the buildings consist of 7 above-ground storeys and 2 underground storeys. In total the property offers some 797 car parking spaces.
Galeria Sudecka is a 79 retail unit modern shopping centre. It is located on the outskirts of Jelenia Góra, ca 3 km north – east of the city centre. The property is one of the major retail schemes in the city. Phase I of the shopping centre (the hypermarket) is a single storey. The redeveloped part has an additional mezzanine level occupied by a cinema and two other units.
The centre has a surface car park as well underground parking. In total the centre has 1,709 car parking spaces.