PROPERTY
JSE-listed real estate investment trust (Reit) Echo Polska Properties (EPP) plans to acquire four retail assets in Poland from real estate funds managed by property management company Blackstone for €166.6-million. The acquisition, which is expected to close in April, includes the 23 039 m² Galeria Twierdza shopping centre, in Kłodzko, and an adjacent plot with a restaurant. The other three malls are the 23 785 m² Galeria Twierdza shopping centre, in Zamość, the 16 003 m² Galeria Tęcza shopping centre, in Kalisz, and the 25 629 m² Wzorcownia shopping centre, in Włocławek.
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