JSE-listed Polish property group Echo Polska Properties (EPP) on Wednesday raised about R2.2-billion in an accelerated bookbuild through the placing of 118-million new shares at a price of R18.50 apiece.
The capital will be used for previously announced acquisitions and for further acquisition opportunities in the retail segment within Poland.
Following the issue of the new EPP shares, the company will have a total of 704-million shares in issue.