EPP

EPP is a REIT-type company listed on stock exchanges in Johannesburg and Luxembourg, focused on Poland-based retail properties.

The company was created in 2016 from the spin off of the yielding commercial assets of Echo Investment, the majority shareholder of the company becoming Redefine Properties. In September 2016, Griffin, jointly with Redefine and Echo Investment successfully, executed the listing of EPP on the Johannesburg and Luxemburg Stock Exchange, including an oversubscribed capital increase of EUR 100m. In 2018, Griffin arranged for EPP a facility agreement worth EUR 250m from CPPIB Investments Inc. Additionally, in 2019, Griffin helped to arrange a capital raise at EPP worth EUR 75m, taken up by iGroup. A current, diversified portfolio worth over EUR 2 billion is located in the biggest Polish cities. It is characterized by its strong purchasing power and attractiveness to international investors. Its goal is to create Poland’s leading, cash-generating platform of well-performing retail, delivering consistently high returns to its shareholders.

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