JSE-traded EPP, the pure Polish retail property fund, delivered a total return of 21% in 2018 to significantly outperform the market, making it the top performing listed property company of the year. This is a significant difference from the benchmark index (SAPY) total return of -25%.
EPP CEO, Hadley Dean, says this is an affirmation of the company’s strategy. “Our focus on retail, specifically in the Polish market has given us clear advantages over some of our competitors who are more exposed to markets that are not as strong as Poland,” Dean said.
EPP is one of only a few companies on the JSE property index (SAPY) to deliver a positive total return, according to Anchor Stockbrokers. The company, which first listed in August of 2016, announced its strategy to focus specifically on retail properties. It has more than doubled its portfolio, adding more than 240,000 sqm gross lettable area (GLA) to its total portfolio in 2018 and increased the total portfolio value to over EUR 2bn.
EPP is now focused on new ventures for 2019. This year the company will be completing the acquisition of six new properties. “We look forward to the addition of another 184,000 sqm of quality retail GLA,” said Dean, “This year will represent another key step in our mission to become the dominant owner of retail property across Poland.”
The company is also looking forward to the opening of Galeria Mlociny in the second quarter of this year “This is our flagship property in Warsaw and it will be the crown jewel in our portfolio” said Dean.
EPP is the largest owner of retail real estate in Poland. It operates like a REIT, with a current portfolio of 19 retail properties, six office buildings and two development sites in Warsaw, with one currently under construction, offering a total of over 835,000 sqm in Poland’s 20 biggest cities.
EPP is committed to providing the best possible rates of return as well as great shopping experiences. EPP is listed on the stock exchanges in Johannesburg (JSE) and Luxembourg (Euro MTF). For more information, please visit www.EPP-poland.com.
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Location: Athi River, Nairobi About FairValley Heights FairValley Heights is the latest upcoming development by Fairdeal Properties. It features efficiently designed 1, 2 and 3 bedroom apartments and spacious 4 bedroom villas. FairValley Heights is ideally located in a serene corner of Athi River, yet only a km from the busy Msa-Nbi highway and minutes away from major shopping malls, the airport and other major industries. With its exclusive amenities, ideal location and diligent design, FairValley heights is set to become the desired affordable housing scheme in Kenya, ensuring attractive returns for investors and a home to be proud of for first time home buyers. In line with the government’s Big 4 Agenda, The Project’s attractive prices and 3 year interest-free payment plan will help make the home-ownership journey a reality for many more Kenyans. Apartment Sizes & Prices: 1 Bedroom: 500 Sq. Ft- 1.9M 2 Bedroom: 770 Sq. Ft- 2.9M 3 Bedroom: 1040 Sq. Ft- 3.75M 4 Bedroo
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