EPP, Poland’s biggest retail landlord, reported a 9-percent increase in distributable income earnings for the first six months of the year. The company reduced its loan-to-value ratio by 2.1 percent to 49.8 percent during the period, while net operating income was up 8.5 percent to €72m, and distributable income amounted to €52.7m. With the addition of five retail assets in its portfolio, EPP’s average GLA per property is now almost 40,000 sqm.
