EPP announced the acquisition of 12 major shopping centres and retail parks.
Today 4.12.2017 EPP announced the acquisition of 12 major shopping centres and retail parks (M1 portfolio) in three tranches over the next three years. The acquisition from a consortium (owned 25% by Redefine Properties), totals €692 million and forms part of a larger 28 property portfolio that has been acquired by the consortium. Upon completion of the transaction in mid-2020, EPP’s portfolio will comprise at least 27 modern shopping centres comprising almost 1 million square metres GLA.
Please see the SENS for further detail: LINK
CEO Hadley Dean will be hosting a webcast to present the transaction on Tuesday 5 December at 16:00 SAST.
The webcast will be hosted in Sandton. Should you wish to attend in person please contact Boipelo Rabothata firstname.lastname@example.org or 010 003 066 for the details.