Sumary of Poland malls make sense for investors – why else would 90% of EPP shareholders be South African?:
- EPP CEO Tomasz Trzóslo Photo: Supplied by EPP Dutch-based mall owner EPP says over 90% of its shareholders are still South African investors.
- That’s despite the fact that the company’s shopping malls are all in Poland, and it has no assets in SA.
- The demand for diversifying their property exposure by looking offshore for greener pastures is likely the number one reason for this.
- Five years after the formation of Dutch-based real estate company EPP following a transaction between Redefine Properties and Polish property developer Echo Investment, its shareholders are still largely South African investors.
- The company is listed on the Luxembourg Stock Exchange and the JSE’s main board.
- It is Poland’s largest retail real estate owner, with a portfolio of 29 retail properties and six office complexes.
- Still, it is enjoying the backing of local investors, with Redefine holding just under a 50% stake in the company.
- He said when EPP was formed five years ago, and the opportunity came up to list on the JSE for the company to raise capital to grow its operations, there was a big demand from various pension funds in South Africa.