ARTICLES LABELLED WITH TAG NEPI Rockcastle

NEPI Rockcastle announced that it will open Shopping City Satu Mare, its 18th shopping centre in Romania, on 6 December. The two-storey shopping centre will offer 29,000 sqm of leasable space, following an investment of over €40 million.

NEPI Rockcastle announced the acquisition of 100% of Mammut 2 and 81% of Mammut 1, which jointly form the Mammut shopping centre in Budapest. The aggregate net purchase price for the acquisition was €254 million, according to the company's statement.

Ploiesti Shopping City, developed by Carrefour Property Romania and NEPI Rockcastle, has announced an investment of €1 million in remodelling its food court area.

NEPI Rockcastle announced that, through its subsidiary NRP Shopping Centre Project Two s.r.o., it has signed a binding agreement to acquire 100% of the shares in MLYNY, a.s., being the owner of Galeria Mlyny shopping centre in the city of Nitra in Slovakia from a group of local investors. The aggregate purchase price for Galeria Mlyny was €121.8 million.

NEPI Rockcastle, through its subsidiaries, has acquired Aura shopping centre in Olsztyn, Poland for €64.9 million and Ozas shopping centre in Vilnius, Lithuania for €124.6 million.

NEPI Rockcastle is investing €3.5 million in refurbishing the food court and entertainment area in Bucharest's Mega Mall shopping centre. The project, designed by Corvin Cristian Studio, targets an area of 10,000 square meters.

NEPI Rockcastle has started construction works on a new shopping mall in Satu Mare. NEPI’s eighteenth shopping centre in Romania is expected to be inaugurated at the end of 2018.

NEPI Rockcastle has acquired the Festival Sibiu mall project from Primavera Development for €21 million. Reff&Asociatii provided legal assistance for NEPI in signing this deal.

NEPI Rockcastle published its results for 2017. The total value of direct property portfolio owned and managed by NEPI Rockcastle exceeded €5 billion (including joint-ventures). Acquisitions and developments finalised during 2017 totalled €947 million, with 339,800 sqm GLA added.

The European Bank for Reconstruction and Development (EBRD) said it has subscribed €50 million into a €500 million Eurobond first issuance by NE Property Cooperatief, a company owned by CEE-focused real estate investment trust NEPI Rockcastle.