The transaction between the South African fund and a local entrepreneur could stand at between EUR30 and EUR50 million, according to ZF estimates.
“The Group has committed to the acquisition of a regional shopping centre with approximately 42,000 sqm of retail gross leasable area in Deva, Romania. Major tenants include Metro Cash & Carry, Real Hypermarket (in due course this will probably become an Auchan Hypermarket), Praktiker, DM, Domo, Jysk and Takko. The acquisition includes approximately 2.9 ha of additional land intended for extensions,” reads the half-yearly report published by NEPI on the Bucharest Stock Exchange.
On the Romanian market, NEPI is one of the leading real estate investors, holding office buildings The Lakeview and Floreasca Business Park in Bucharest and City Business Center in Timisoara, as well as Ploiesti Shopping City and Promenada Braila malls.
(English version by Daniela Stoican)