EPP, Poland’s largest asset manager of retail real estate, has secured a EUR 323.9 million loan to refinance existing debt on its fully-owned shopping centre portfolio. The financing covers four prime retail assets: King Cross Marcelin in Poznań, two assets in Szczecin (Galaxy and Outlet Park), and Pasaż Grunwaldzki in Wrocław.

The loan was provided by Santander Bank Polska S.A. (Poland), Erste Group Bank AG (Austria), and Helaba Landesbank Hessen-Thüringen (Germany). The Polish bank also acts as facility agent, security agent and account bank. The loan has a five-year term with a balloon payment at maturity and no amortisation requirement.

“Securing financing of this scale in the current geopolitical environment is a clear signal of financial institutions’ confidence in the Polish retail real estate market – in the sector’s fundamentals, and above all in the quality of our assets and the strength of our asset management. For EPP, this is another non-amortising facility, bringing us consistently closer to a REIT operating model,” said Tomasz Trzósło, CEO of EPP.

The refinanced portfolio comprises nearly 180,000 square metres of modern retail space, certified BREEAM In-Use at the “Very Good” level or higher, and located in key cities across Poland. Its diversified tenant mix includes leading international and Polish brands such as: Auchan, CCC, HalfPrice, Helios, H&M, MediaMarkt, Multikino, Peek & Cloppenburg, Reserved, Smyk, Zdrofit, McDonald’s, Starbucks, Popeyes®, and others.

Dentons advised and provided legal services to the lenders, while the borrower was represented by Greenberg Traurig.

EPP, Poland’s largest asset manager of retail real estate, has successfully met its greenhouse gas (GHG) reduction targets originally set for 2030. According to the company’s ESG report for the 2024/2025 financial year*, EPP reduced Scope 1 and 2 emissions by over 50% and Scope 3 emissions by 32% compared to the 2019 baseline, thereby fulfilling the objectives validated in 2023 by the Science Based Targets initiative (SBTi)**. These results stem from a consistent decarbonisation strategy, including building energy efficiency upgrades, renewable energy sourcing and reducing indirect emissions through collaboration with tenants and suppliers.

– Reaching our 2030 targets today is the outcome of a comprehensive transformation – from modernising building systems and expanding solar capacity to partnering with tenants on green lease agreements. A 50% reduction in emissions is not the end of the journey, but a confirmation that we are on the right track. Our focus now shifts to the long-term goal of achieving climate neutrality by 2050 – said Rafał Kwiatkowski, Chief Operating Officer and Board Member at EPP Poland, asset manager of the real estate portfolio managed by EPP Group.

Energy efficiency upgrades and renewables

In the past financial year, EPP N.V.*** reduced fossil fuel energy consumption in common areas and tenant spaces across its portfolio by 7.5% compared to the previous year. This was achieved through upgrades to building management systems (BMS), and installation of LED lighting and heat pumps. A flagship example is the comprehensive energy efficiency modernisation of King Cross Marcelin in Poznań. The replacement of energy and heating systems, among other things, reduced energy use in common areas by approximately 20% and primary energy demand by 78.6 kWh/m² annually. The building improved from energy class D to C, meeting EU Taxonomy criteria for significant contribution to climate adaptation.

EPP also prioritises sustainable energy procurement. Last year’s energy mix included wind energy under a PPA agreement (25%) supplemented by guarantees of origin and photovoltaics. This means that 35% of the electricity in retail properties and 100% in office buildings came from these sources.

The company also continues to expand its solar program. By the end of the 2026 financial year, it plans to launch 13 photovoltaic projects with a total capacity exceeding 7,100 kWp. In the last quarter of the past financial year, new solar installations appeared on the roofs of five shopping centres resulting in greater independence from the grid and a lower carbon footprint.
Digital tools

EPP invests in technologies supporting the circular economy. Its managed portfolio is gradually implementing WasteTracker – a digital monitoring system that tracks the weight and category of waste generated by tenants in real time. The tool enhances transparency in waste management, reinforces proper segregation and facilitates the identification of areas for improvement.
Sustainable standards for buildings and tenants

All office assets under EPP management hold BREEAM In-Use certification at the “Excellent” level, while 100% of shopping centres have achieved “Very Good” or higher. In the past financial year, EPP signed 1,238 green lease agreements, committing both the company and tenants to sustainable practices. Nearly half of all leases in the portfolio are now green.

Social impact and local community engagement

In 2024, EPP launched a Social Value Strategy aimed at increasing the positive impact of its properties on key stakeholders, including local communities. Between 1 September 2024 and 31 August 2025, the company delivered nearly 300 social initiatives benefiting over 37,000 people. More than 50% of EPP employees participated, contributing a total of 2,262 volunteer hours. Projects span four areas: portfolio-wide initiatives, local charity actions under the “5 Good Deeds” program, employee volunteering and additional grant-funded volunteer projects.

* ABOUT THE REPORT

EPP N.V. Sustainability Report covers financial year from 1 September 2024 to 31 August 2025. The document has been prepared in accordance with the European Sustainability Reporting Standards (ESRS), following the adoption of the Corporate Sustainability Reporting Directive (CSRD – Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022, amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU as regards corporate sustainability reporting). The report presents consolidated data for EPP N.V. and all its subsidiaries, in line with CSRD consolidation requirements (2022/2464). It also includes information on the implementation of the strategy adopted in 2021, which covers all properties managed by EPP.

The full report is available for download at: https://www.eppnv.nl/en/esg-en/reports/

** Science Based Targets (SBTi) is a global initiative enabling companies to set ambitious emission reduction targets aligned with the latest climate science. It focuses on accelerating business action worldwide to halve emissions by 2030 and achieve net-zero emissions before 2050.

*** The EPP N.V. portfolio includes: Galaxy in Szczecin, Galeria Echo in Kielce, King Cross Marcelin in Poznań, Outlet Park in Szczecin and Pasaż Grunwaldzki in Wrocław.

Henderson Park, the international private equity real estate firm, and EPP, the asset manager of office properties, have successfully secured a EUR 148.6 million loan from Berlin Hyp AG and PKO Bank Polski to refinance a Polish office portfolio.

The three assets, which comprise the Malta Office Park in Poznan, the O3 Business Campus in Krakow and the Symetris Business Park in Lodz, are owned in joint venture by Henderson Park and EPP.
John Fletcher, Senior Principal, at Henderson Park, commented: “This refinancing reiterates the strength of this Polish office portfolio and the additional value created through a comprehensive asset management programme by the EPP team. This new facility allows us to continue executing our business plan on behalf of our investors.”

“The refinancing of the office portfolio, successfully orchestrated by EPP as its asset manager, highlights the quality of the properties and their tenancy. In a challenging market environment, over the past few years we have consistently applied activities to increase the quality of these assets, which has allowed us to maintain the confidence of financial institutions and ensure the portfolio’s stability,” said Sylwia Piechnik, Head of Office Leasing and Asset Management at EPP.

The refinanced portfolio comprises over 105,000 sqm of modern, BREEAM-certified office space in key cities across Poland. The Grade A buildings feature contemporary architecture, exceptional workspace quality and are fully powered by renewable energy. Tenants include NFZ, HCLTech, Grant Thornton Frąckowiak, ZF Group and Philips.

Wolf Theiss advised and provided legal services for the lenders, while the borrower was represented by Linklaters.

On 1 May 2024, 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. The company plans to develop the properties through leasing activities and space rearrangements and upgrades.

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 Czeladź, M1 Kraków, M1 Łódź, M1 Zabrze, M1 Bytom, M1 Częstochowa, M1 Radom, M1 Poznań, and three Power Parks: Power Park Kielce, Power Park Olsztyn and Power Park Tychy. The entire portfolio is covered by a property management (master lease) agreement with Metro AG, which expires at the end of April 2024. Due to its termination, as of 1 May this year, management of the properties is transferred to EPP.

– The M1 shopping centres and Power Parks are a diverse portfolio of properties with a long-standing presence on the market. Our aim is to develop the potential of these assets by strengthening their offer and enriching it with new, attractive tenants. We are also planning space rearrangements and upgrades resulting from changes in tenant mix, the age of the properties or ESG requirements. Together with the experienced team of employees of METRO PROPERTIES Polska, who will continue to look after the properties, but from May onwards under EPP’s wing, we will successively implement these changes – says Tomasz Trzósło, CEO at EPP.

– M1 is a popular and well-recognised shopping centre brand on the Polish market, firmly established in customers’ minds in central and southern Poland, which started the year with an impressive 99.3% occupancy rate. Last year, 35.5 million customers visited us and tenants recorded an increase in turnover. Power Parks, on the other hand, are strong local retail properties, accompanying customers in their daily shopping. We are handing over the management of this unique portfolio with a very good set of brands and stable, partner relationships with tenants, which are also positively evaluated by industry organisations. Despite their many years on the market, these are centres with high BREEAM certification ratings, consistently upgraded over the years and managed to the best ESG standards. I believe that EPP will successfully develop their potential on the commercial map of the country – says Renata Kinde-Czyż, CEO at METRO PROPERTIES Polska.

Thanks to investments and the implementation of a package of innovative measures, the M1 shopping centres have achieved nearly 20% savings in electricity consumption compared to the average consumption between 2018 and 2022. The properties have BREEAM In-Use certificates at Outstanding and Excellent levels.

The M1 shopping centres and Power Parks are well-established retail properties with a history of around 20 years. They are attractively located in large urban agglomerations with high population density, in the vicinity of important transport routes. They have a diverse and attractive retail offer. Their tenants include the popular food hypermarket Auchan, as well as numerous international and local brands such as MediaMarkt, OBI, TK Maxx, H&M and C&A.

EPP, the largest asset manager of retail real estate located in Poland in terms of gross leasable area (GLA), along with Echo Investment, the biggest Polish developer, have successfully secured a loan worth EUR 145.2 million for the new financing of the Galeria Młociny shopping centre located in Warsaw. The five-year financing was classified as meeting the EU Taxonomy. Galeria Młociny, owned by EPP (70% stake) and Echo Investment (30% stake), complies with the environmental objective of the EU Taxonomy on climate change adaptation.

Erste Bank Group AG (Austria), Rand Merchant Bank (RMB), a division of FirstRand Bank Limited (Republic of South Africa) and Santander Bank Polska (Poland) acted as arrangers of the new credit facility, with Santander Bank Polska also acting as Facility Agent, Security Agent and Account Bank. The credit facility has a term of five years with a payment at the end of that period and no amortisation requirement.

– The new financing for Galeria Młociny is the first such large-scale transaction on the Polish retail real estate market after the pandemic. It demonstrates quality of the building and marks the rebirth of the retail market for investors and providers of capital. The refinancing will have a positive impact on the EPP’s balance sheet. It was a complex process due to the value of the loan and the expectations of the lenders, but we concluded it on good financing terms. It was important for the banks that Galeria Młociny is a green asset that meets the criteria of the EU Taxonomy, and is compliant with the technical screening criteria to prove substantial contribution to climate adaptation and minimum safeguards indicated in the EU Taxonomy delegated acts – said Jacek Bagiński, CFO at EPP.

– Galeria Młociny stands out as a vital component of Echo Investment’s portfolio, notable for its green features and strong operational performance. The centre saw both a solid boost in turnover and rise in footfall in 2023, underscoring its appeal to consumers. As a co-owner, we are pleased that Galeria Młociny has also earned the confidence of lenders through successful refinancing. This endorsement serves as a compelling indicator to prospective investors, who are once again seeking out properties that can enhance their portfolios of sustainable real estate – remarks Grzegorz Iwański, Financing Director at Echo Investment.

Galeria Młociny is one of the youngest shopping centres in Warsaw. It has quickly become one of the leading retail destinations on the map of the Polish capital with a growing number of customers. The shopping centre is compliant with the environmental objective of adapting to climate change as defined within the EU Taxonomy and is among the 30% most energy-efficient non-residential buildings built before the end of 2020. Galeria Młociny has the BREEAM In-Use certificate at the Excellent level.

– This deal is a milestone in the history of Erste, as it is our first ever EU Taxonomy compliant real estate loan in Poland. Galeria Młociny will help us achieve our sustainability goals: aligning our lending portfolio to meet net-zero emissions latest by 2050. The strong long-term relationship with EPP allowed us to underwrite a substantial volume in this transaction, confirming the solid fundamentals of the real estate market in Poland – said Balazs Gal, Director at Erste Group Bank AG.

– RMB is thrilled to have assisted the EPP group in the funding of Galeria Młociny, an EU Taxonomy compliant and BREEAM certified shopping centre. This is in line with RMB’s commitment to advancing our clients’ sustainability strategies. The EPP group is a key strategic client of the bank, and we are pleased to conclude another transaction with them as we grow our relationship together. We look forward to further working with Erste Group Bank AG and Santander Bank Polska in this transaction – says Sashen Naidoo, Real Estate Finance Transactor at Rand Merchant Bank.

– We are happy that we had the opportunity to be a part of financing provided for Galeria Młociny as an Agent Bank of the consortium together with Erste Bank and Rand Merchant Bank. Our primary goal is to support our Clients with growth of their real estate businesses, especially in terms of sustainable investments like Galeria Młociny. Both EPP being the biggest retail assets manager in Poland and Echo Investment as a largest Polish developer are our key Clients, so we appreciate that we could lead this transaction and strengthen our relationship – added Bartłomiej Barej, Director in Property Finance at Santander Bank Polska.

Dentons advised and provided legal services for lenders, while the borrower was represented by Clifford Chance.

Johannesburg Stock Exchange listed EPP (JSE: EPP), Poland’s biggest retail landlord, delivered a solid performance for the first six months of 2021 in line with expectations. Both EPP’s distributable earnings and distributable earnings per share increased by 54% to €33.2 million- and 3.66-euro cents, respectively, compared to H1 2020. EPP’s net asset value per share increased by 3% to €1.12. A swift operational recovery following lockdowns and the progress made in Poland’s COVID-19 vaccination programme, low infection rates, a resilient economy, and high employment levels all support EPP’s robust performance and bode well for the future.

Robust rebound at EPP’s shopping centres

A quick recovery after lockdowns and growing customer support are evident in EPP’s retail metrics. All its retail tenants are now allowed to operate with mandatory safeguards such as mask-wearing and social distancing. Since reopening after Poland’s fourth lockdown ended at the beginning of May, EPP shopping centres’ good operational performance resulted in net property income of €59.2 million for the half-year – 12% higher than for the same period in 2020.

“The Polish retail sector has been significantly affected by the pandemic and legislation relating to rental obligations during lockdowns. That is why we are so pleased with the quick bounce back in both footfall and turnovers. Once restrictions were lifted, customers started returning swiftly to our shopping centres, with brick-and-mortar remaining the most attractive purchasing channel for Poles by far,” said Tomasz Trzósło, CEO of EPP.

The prompt return of customers to shopping centres is reflected in higher than pre-pandemic turnover levels. In the months without trading limitations (February and May to July), tenants’ sales exceeded those in the corresponding months of 2019 by 4% on average. At the same time, footfalls at EPP’s shopping centres were steadily growing. In August, shopper numbers in 2021 reached 84% of 2019 levels, confirming the optimistic consumer sentiment. These figures indicate that shopping nowadays is more purposeful, and customers are spending more each time they go to the shops.

After lifting restrictions and reopening stores, the e-commerce penetration level in Poland dropped from 9.8% during the lockdown in January to 7.4% in July 2021 when shopping centres were fully trading. This again proves that Poles are very attached to in-store shopping.

At the same time, the demand for retail space has remained steady, demonstrating the attractiveness of the company’s assets and retailers’ confidence in the brick-and-mortar channel. EPP has signed 204 leases for nearly 70,000 sqm of space during the pandemic, keeping its retail occupancy stable at 95.4%. The company’s portfolio welcomed many new brands, including Apple reseller iSpot and Xiaomi Store.

Resilient Polish economy

The quick rebound evident at EPP’s assets can also be attributed to the strong macro-environment in Poland. The company benefits from operating in one of the most resilient economies in Europe. The local market is rapidly returning to pre-pandemic economic growth levels. It is expected to see even greater improvement in the future – with forecasted GDP growth of 4.9% in 2021 and 5.6% in 2022. Low unemployment and increasing wages are further stimulating consumer spending, driving Poland’s outperformance of average EU retail sales growth.

Stable pandemic situation in Poland

The current pandemic situation in Poland is under control as the vaccination programme is proceeding with vaccines on hand, and the situation in hospitals is stable. According to the European Centre for Disease Prevention and Control, the country’s new COVID-19 case infection rate is the lowest in the European Union. In Poland, 51% of the population had been fully vaccinated against COVID-19 by 12 September. The roll-out of the vaccination programme is expected to accelerate as Poles are returning to work and school after their summer breaks. At this stage, the Polish government does not expect full lockdowns to become necessary and is determined to avoid them in the future. Together, these factors support EPP’s optimistic operating outlook for the coming months.

EPP response to COVID-19 pandemic

To further boost the vaccination programme, the Polish authorities have launched a campaign to promote vaccinations. EPP has actively supported this initiative by launching vaccination points at its shopping centres, where around 20,000 shoppers have already been inoculated. So far, these points can be found in six EPP malls, with others set to follow their lead. EPP is constantly promoting safe and responsible behaviour while shopping, too. It was this Polish retail landlord that initiated the action of putting face masks on mannequins in storefronts. This idea has gained traction and is currently being implemented across the entire Polish retail industry under the patronage of the Minister of Health.

Strategic focus areas

EPP continues to deliver its strategic objectives. The company made significant progress in creating and implementing the environmental, social and governance (ESG) strategy and aims to publish its first ESG report in early 2022. As a socially engaged business, EPP strives to be a leader in this field. Its activities related to environmental and social issues have always been a strong focus.

At the same time, aligned with its strategic business objectives and investor expectations, EPP aims to reduce leverage in the business by disposing of a selected group of assets – by sales to new long-term-oriented partners in joint ventures or outright sales of non-core projects. EPP can meet all its financial obligations and has adequate liquidity for the period ahead. The company’s net loan-to-value (LTV) ratio of 55.8% is well within debt covenant levels set by credit providers of 67%.

“There is liquidity in the Polish real estate market, but stability without disruptions to trading is expected to further support EPP in advancing this strategy. Given the significant operational improvements and our established track record, we believe that we can deliver our initiatives to reduce LTV in the next 6 to 12 months. We are focused on progressing with our strategic objectives and remain confident that we will be able to deliver full-year results in line with our guidance,” added Tomasz Trzósło.

A video of the EPP Interim Results 2021 is available below at:

https://epp.ppvlive.pl/live/interim2021

Johannesburg Stock Exchange listed EPP (JSE: EPP), Poland’s biggest retail landlord, issued a positive operational market update before entering its closed period on 1 July 2021. The company reported that Poland is outpacing its original vaccination roll-out targets, experiencing a robust retail rebound and enjoying promising economic prospects.

With one of the lowest and consistently declining COVID-19 infection rates in the EU, growing number of vaccinated residents, entertainment and schools reopened and social gatherings resumed, Poland is returning to pre-pandemic normality. A broad opening of almost all sectors of the economy in recent weeks has again allowed Poles to travel, visit restaurants, go to the cinema or a concert, watch a game in a stadium and even, from 26 June, party in a night club. Lifting the majority of restrictions is due to, among other things, the progress of the national vaccination programme. By 17 June, 26 million COVID-19 vaccine doses had already been administered in Poland and 42% of the population had received at least one shot.

Perspectives for the Polish economy are equally bullish and Oxford Economics has maintained its forecasts of cumulative Polish GDP growth of more than 8% by the end of 2022. As the EU’s sixth-largest economy, Poland remains one of the most stable and attractive investment markets in Europe, and EUR 172 billion support from the EU budget and recovery fund should boost it even further in the coming years.

Tomasz Trzósło, CEO of EPP, says: “EPP operates in one of the strongest retail markets in Europe. We are pleased to see continued improvement in Poland such as its declining number of new COVID-19 cases and advanced vaccination programme, as well as increased economic activity, footfall levels and tenants’ sales. All of this signals a rapid recovery after the recent pandemic wave and stable future growth, allowing us to look ahead with cautious optimism.”

This cautious optimism is now also evident in the retail sector. Polish shoppers can again enjoy almost the full range of shopping centre offerings, including food and beverage and entertainment –  only bowling alleys are yet to resume operations on 26 June. Customers flocked back to EPP’s retail assets immediately after lifting the trading restrictions on 4 May, returning quickly to their pre-pandemic social and economic lifestyles. That strong rebound in retail was witnessed post each of the previous lockdown periods in the country as well. This time it was even more evident in the footfall and sales results.

Recently conducted market research shows that, in anticipation of shopping centres reopening, Poles actually held back spending, preferring to wait and purchase in stores. Once again it confirmed their preference for the physical interaction of in-store shopping, which can’t be replaced by buying online. It is clear that Poles chose bricks-and-mortar retail to do their shopping. That is evident in EPP’s shopping centres, where tenant turnover continues to increase more quickly than footfall and shoppers have bigger basket sizes now. In February 2021 sales had already reached 99% of levels noted in pre-pandemic February 2020 despite footfall of 71%. In May 2021 sales were 113% of May 2019 levels with the footfall rate of 82%. May 2021’s top-performing categories by turnover compared to May 2020 were fashion & accessories (+26%), household & appliances (+21%) and speciality goods (+9%). Consumption in Poland is driven by low and decreasing unemployment rates, consistently rising wages and growing purchasing power. Retail sales are forecast to continue to grow quickly – by 4.9% this year and 3.3% in 2022. The country is expected to have one of the highest European growth rates in household income and consequently consumer spending by 2030.

Retailers also continue to show robust demand for space in EPP’s retail portfolio. As a result, occupancy rates remain strong and stable at 95.5%. New leases signed include, amongst others, the debut of a new concept store HalfPrice by CCC, optician KODANO, Big Star denims and Sensi Hemp cosmetics. Notably, gastronomy tenants, deeply affected by the pandemic, also recently opened new stores, including Tigon Asian Cuisine, Soya Sushi or Stacja Burgera fast-food restaurant.

Moreover, EPP prides itself of its innovative solutions. The business consequently continues to develop tools for the retail sector such as EPP Connect – an information and data exchange platform, launched by the company in its shopping centres to support tenants. A cutting-edge software makes the cooperation between all parties easier, faster and more efficient. As a responsible business, sensitive to social needs, the Polish landlord also places a high priority on its corporate social responsibility (CSR) approach as well as a wider ESG strategy. EPP carries on with numerous of life-changing community initiatives currently, supporting education, ecology, health and issues relevant for local communities and their members.

EPP will further its clearly determined goals and well-established strategy in the months ahead, flexibly adjusting to the current situation and building resilience for the future challenges.

“EPP’s strategic objective to reduce leverage in the business by disposing of a select group of assets through either outright sales or joint-venture sales to new long-term-oriented partners remains a focus. We believe that there is liquidity in the Polish market, however patience and a period of stabilisation in the retail environment is required to advance this strategy. For now, EPP can meet all its financial needs and has adequate liquidity for the period ahead,” confirms Tomasz Trzósło.

A video of the Pre-Close 2020 Presentation is available here:

https://presentations.corpcam.com/RegistrationPage.aspx?id=EPP30062020

EPP’s general meeting of shareholders has today approved the appointment of Tomasz Trzósło to the position of CEO of the largest owner of retail real estate in Poland. The company’s Board of Directors announced it will nominate Tomasz Trzósło to this post in December 2019.

– I would like to thank our shareholders and the Board of Directors for the trust they have placed in me and for appointing me as CEO of such a dynamic company. Running the leader of the Polish retail property market is a responsibility and a challenge which I take up with enthusiasm. We are facing a period that will be difficult for the retail industry, therefore in the coming months I will focus on maintaining our portfolio in the best possible condition, by being flexible and adapting our business to the existing market situation. Furthermore, I believe that by leveraging the strengths of our locations and team, focusing on building long-term relationships with tenants and taking care of the safety of shoppers and tenants employees, we will return to a path of growth and further expansion of our portfolio – says Tomasz Trzósło, CEO of EPP.

Tomasz Trzósło has been active on Polish and European real estate market for over 20 years. Before joining EPP, he was the Managing Director of JLL for Poland and the CEE region, where he managed the company’s operations in Poland and oversaw JLL’s business in the Czech Republic, Romania, Hungary and Slovakia. From 2005 he headed up JLL’s Polish capital markets team and between 2008 and 2013 he managed the capital markets team in Central and Eastern Europe. Tomasz has been involved in numerous transactions across the CEE region, including portfolio and property disposals, fund raising and debt deals, and structured equity transactions. He has a strong track record in working with all branches of the real estate market, including the retail, office, industrial, hotel and residential sectors.

Tomasz holds a master’s degree in Financial Accountancy and Economics from the Cracow University of Economics and has a diploma in valuation, investment appraisal, property finance and portfolio management from the Investment Property Forum in London.