Echo Polska Properties €692.1 million acquisition of M1 portfolio

15/12/2017
Real estate finance, Real estate acquisition

€ 692.1 million

$ 831.582 million

Announced

15/12/2017


Overview:

  • Echo Polska Properties (EPP) has acquired the M1 real estate portfolio for €692.1 million from the Chariot Top Group consortium co-managed by Griffin Real Estate.
  • The portfolio consists of 12 shopping centres and retail properties hosting 620 stores with lettable space of of 446,500 square metres.
  • The portfolio is part of a larger acquisition of 28 properties acquired by Chariot from ARA Retail Centers. Chariot then subsequently sold on the 12 to EPP.
  • The transaction will be enacted in three stages in total.
  • EPP is a Dutch listed REIT.

Sam Duke - Editor

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