Echo Polska posts solid maiden results

In its first half-year since listing on the JSE, international real estate investment trust Echo Polska (EPP) has posted distributable earnings of €34-million, while declaring a dividend per share of €0.31, 2.2% ahead of its forecast. "We are building a national champion that leverages its scale and relationships to provide a leading cash generating Polish property group with a weighted focus towards retail properties in key locations, supported by strategic office sites. Europe is currently navigating a period of uncertainty. This may have a positive impact on Poland as it highlights the country's attractiveness as an investment and business destination," said CEO Hadley Dean.