Horse was established in March 2022 as a joint venture between Redefine Properties, EPP and PIMCO, with a portfolio of 11 retail assets with a total GLA of 439 thousand sqm.

The investment strategy of Horse JV is to provide long-term, stable returns on yielding assets to shareholders. EPP is responsible for the ongoing management and leasing of the assets.

Establishing of the Horse JV is the biggest transaction on the retail market in Poland and CEE since the COVID outbreak. The transaction was a key part of the implementation of EPP’s new strategy. It was preceded by the delisting of EPP from the Johannesburg Stock Exchange and the acquisition of a controlling interest in EPP by Redefine Properties.

Griffin Capital Partners acted as the transaction manager and will further support Horse JV for the benefit of the Investors.

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