JSE-listed real estate investment trust Redefine Properties has submitted a nonbinding proposal to Poland-based real estate investment company EPP, which, if approved, will result in EPP becoming an unlisted subsidiary of Redefine. Redefine currently holds 45.4% of EPP, with a R6.5-billion carrying value, thereby putting Redefine in a “good position” to benefit as retail demand increases further in Poland, Redefine says in a statement on November 8.
from Engineering News | Home https://ift.tt/3H4avfg
