Financial Mail: Optimism despite a slow start for Echo Polska
The timing of Echo Polska Properties’ (EPP) listing in mid-September last year was unfortunate. The JSE debut of the purely Polish property play followed a strong rebound in the rand and came after Britain’s decision to exit the EU. It also coincided with a new-listings fatigue that seems to have set in among fund managers due to the sheer number of new JSE real estate counters vying for investors’ capital in 2015/2016. However, analysts believe the company’s investment case remains compelling.