Echo Polska buys mall in tourist city

Echo PolskaProperties (EPP), the developer and owner of Polish office and retail assets, has entered the popular tourist city of Krakow in Poland through the acquisition of Zakopianka Shopping Centre This is the group’s first retail acquisition in the city and increases its footprint across fast-growing Poland. In order to buy the mall, EPP has concluded a preliminary agreement to acquire 100% of the equity in EPISO 3 Zakopianka sp. z o.o, which is the holder of leasehold rights that entitle the acquired entity to all rental income derived from leases concluded by tenants occupying premises within the shopping centre. This is other than those portions of the centre leased to owner-occupied Carrefour and Castorama stores.

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