Investment fund NEPI Rockcastle has taken over the stake held by Carrefour in Ploiești Shopping City for an undisclosed sum. Following the transaction concluded in September, NEPI Rockcastle has become the sole shareholder of the shopping centre.
Ploiești Shopping City was completed in 2012 and has a leasable area of 55,000 sqm, of which NEPI Rockcastle controlled 23,000 sqm. The project has 138 tenants and a catchment area of 774,000 people, according to a company presentation.
Law firm Reff & Associates | Deloitte Legal worked with the buyer on this deal.
At the end of 2021, NEPI Rockcastle’s portfolio had a value of €5.8 billion, of which 35% was represented by projects based in Romania.
