Poland Dentons Advises Tender

Dentons has advised EPP a company listed on the Johannesburg stock exchange on the purchase of four M1 shopping malls in Bytom Czestochowa Radom and Poznan in what was the second tranche of a 224 million commercial property acquisition transaction.EPP announced the acquisition of a total of 12 shopping centers including several M1 brand malls and retail parks in December 2017. Further to the recent transaction EPP now controls four M1 malls and therefore owns all eight properties trading under this brand. The third and last tranche of this commercial property portfolio featuring four Power Park retail schemes is expected to be closed in June 2020.EPP is Polands largest retail center owner in terms of GLA owning properties of a total value of 2.6 billion. Its portfolio includes 24 commercial properties six office locations and a multi-function project with a total GLA of over 1 million sq. m. EPPs properties are located in the most commercially attractive cities in Poland.The project was supervised by Pawe Dbowski Head of Dentons Europe Real Estate practice and the transaction was led by counsel Jacek Jezierski.