EPP
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Portfolio
Numbers speak louder than words
35
retail and office projects
23
major cities in Poland
1
place in terms of retail GLA in Poland
1,000,000
square metres of GLA
2.8
€ billion portfolio value
2,500
retail units
Board of Directors
EPP
Tomasz Trzósło
Executive Director
biography

Tomasz Trzósło has over 23 years of experience in the CEE real estate markets. Before joining EPP, he was the Managing Director of JLL for Poland and Central Europe, where he managed the company's operations in Poland, and oversaw JLL business in the Czech Republic, Romania, Hungary and Slovakia. He was also a member of legal & compliance board of Tetris design and build business for EMEA. Before managing JLL, he ran the capital markets teams of JLL for both Poland and Central and Eastern Europe, and as such was involved in numerous transactions across the CEE, including portfolio and property disposals and acquisitions, fund raising and debt deals, or structured equity transactions. He has a strong track record in working with all branches of the real estate market, including retail, office, industrial, hotel and residential sectors. While managing JLL in Poland, he identified, managed and completed two M&A transactions – acquisition and integration into the firm of the design and build business (Tétris) and residential consultancy business (REAS).

Tomasz holds a master’s degree in Financial Accountancy and Economics from the Cracow University of Economics and has qualifications in valuation, investment appraisal, property finance and portfolio management from London’s Investment Property Forum.

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EPP
Jacek Bagiński
Executive Director
biography

Jacek is a senior financial executive with over 20 years’ experience in various businesses operating across Poland and Central & Eastern Europe (CEE) countries, ranging from retail, production and sale of pharmaceuticals, FMCG, to exploration of oil and gas and other natural resources.  He was a member of a number of management boards and CFO in companies listed on the Warsaw Stock Exchange and controlled by the largest private equity funds operated in CEE countries. Additionally, he has served in senior management and executive positions in multinational corporations, including PepsiCo and BP/Amoco, with turnovers ranging from 15 million to over 750 million euro. Jacek was responsible for business development, including M&As, financing and taxation as well as financial planning and controlling. Recently, he was a member of the management board and CFO of Empik Media & Fashion S.A., one of the largest holding companies controlling a group of retail, e-commerce and service operations.

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Andrew Konig
Non-Executive Director
biography

Andrew König is a chartered accountant with more than 25 years of commercial and financial experience. He currently holds the position of Chief Executive Officer at Redefine Properties Limited and is responsible for all aspects of regulatory compliance, corporate activity and communications, and ensuring the board’s strategy is implemented. Prior to his appointment as CEO in August 2014, Andrew served as Redefine’s Financial Director. He was appointed to the board of Redefine in January 2011. Previously he was Group Financial Director at Independent News & Media.

Andrew holds a Bachelor’s degree in Commerce and a Bachelor’s degree in Accounting and is a CA (SA).

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Pieter Prinsloo
Non-Executive Director
biography

Pieter serves as CEO of Redefine Europe B.V., a subsidiary of Redefine Properties Ltd. Previously Pieter held the position of CEO of Hyprop Investments Ltd in South Africa, which brought him extensive real estate experience in a JSE listed REIT for more than 14 years. Earlier, Pieter was involved in private property development and management for New Africa Developments, and gained extensive know-how in commercial and structured property finance with ABSA Bank and Standard Bank in South Africa. Pieter holds a Bachelor of Science (Quantity Surveyor) cum laude degree of the University of Pretoria and has received awards from the Association of South African Quantity Surveyors.

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EPP
About us

EPP is the largest asset manager of retail real estate located in Poland in terms of GLA. The company's portfolio consists of 35 projects (29 retail properties and six office complexes) with a total value of approx. 2.8 billion euro and leasable area of over 1,000,000 square metres. EPP’s projects are located in the most attractive Polish cities with the strongest consumer demand and growth potential.

EPP is committed to deliver the best possible rates of return to its shareholders and JV partners by providing tenants with attractive and innovatively managed space to support their business growth.

EPP is owned by Redefine Properties, the second largest Real Estate Investment Trust (REIT) listed on the Johannesburg Stock Exchange (JSE).

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Stock exchange archives
History

January 2016 – Echo Polska Properties BV (currently EPP BV) established in the Netherlands. The company becomes the owner and manager of all profit-generating commercial projects built and commercialised by Echo Investment S.A.

June 2016 – Redefine Properties, a REIT fund with its headquarters in Johannesburg acquires 75% of shares in EPP BV and then reduces its stake to 50% through the sale of ordinary shares to a consortium of investors. Echo Investment S.A. holds 25% of the company's shares. Hadley Dean becomes CEO of EPP.

August-September 2016 – EPP goes public on the Luxembourg (LuxSE Euro MTF) and Johannesburg (JSE) stock exchanges on 30 August and 13 September respectively. The company's portfolio at that time is worth 1.2 billion euro.

December 2017 – the company executes one of the largest transactions in the history of the Polish commercial real estate market, taking over 12 M1 shopping centres and parks worth 692 million euro. The acquisition is divided into three stages, the first of which is completed in January 2018 and the second in June 2019.

June 2018 – the company decides to use only the name EPP.

November 2018 – Echo Investment in line with its investment strategy sells the last shares in EPP.

June 2019 – Henderson Park takes over 70% of shares in the portfolio of 11 newly constructed office buildings from EPP. EPP holds a 30% stake in the joint venture and will continue to manage properties in cooperation with Henderson Park.

March 2021 – the third stage of M1 acquisition finalised. Power Parks in Olsztyn, Tychy, Kielce and Opole joined EPP portfolio.

8 March 2022 – EPP delists from the Luxembourg (LuxSE Euro MTF) and Johannesburg (JSE) stock exchanges. Redefine Properties becomes the owner of EPP.

22 March 2022 – EPP enters into two joint ventures: Horse JV covering nine M1 shopping centres and two retail parks, and Community Properties JV covering eleven retail assets and three office complexes.

Awards
EPP See all our awards