Prosperus Retail Property Fund has signed an agreement to acquire the Ozas shopping and entertainment centre in Vilnius from NEPI Rockcastle for €200 million. The transaction marks the fund's entry into the Baltic retail property market and its first major move in a strategy to build a diversified portfolio of retail assets across Central and Eastern Europe.
Opened in 2009, Ozas is one of Vilnius' largest shopping centres, with approximately 70,600 sqm of gross lettable area and around 200 retail units. Located in northern Vilnius, the centre benefits from strong road and public transport links and offers a mix of fashion, lifestyle, food, services and entertainment, including cinema, family entertainment and fitness facilities. NEPI Rockcastle acquired the asset in 2018 and is now divesting following a period of active ownership and investment.
Prosperous Retail Property Fund is sponsored and led by Gediminas Baltakis, principal shareholder of Prosperus Asset Management, a European alternative investment fund manager. The fund is targeting at least €1 billion of assets within 18 months and intends to complete one to two additional acquisitions over the next six to 12 months, focusing on established retail assets with strong market positions and resilient tenant demand. The transaction remains subject to customary closing conditions and regulatory approvals.
