Poland EPP takes over the management of the M1 and Power Parks
Property and Facility Managementschedule 24 April 2024
EPP plans to develop the properties through leasing activities and space rearrangements and upgrades
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EPP is taking over the management of nine M1 shopping centres and three Power Parks from Metro Properties Polska. Some of Metro Properties Polska's employees, including local property management teams will join EPP.
EPP's acquisition of a portfolio of twelve retail properties (shopping centres and retail parks) with a total area of more than 470,000 sqm, was one of the largest transactions in the history of the Polish commercial real estate market. It was divided into three stages, the first of which was completed in January 2018, the second in June 2019, and the third was finalised in March 2021. The portfolio consists of twelve retail assets, including nine regional M1 shopping centres: M1 Marki, M1 Czela
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