NEPI Rockcastle's EUR 405 Million Acquisition of Silesia City Center
Deal News | Dec 11, 2024 | CEE Legal Matters
NEPI Rockcastle, a leading retail real estate company, has expanded its portfolio with the acquisition of Silesia City Center in Katowice for EUR 405 million. Silesia City Center is renowned as a dominant shopping destination in the region, with over 88,400 square meters of lettable area and a high occupancy rate of 98.4%. Major retailers like Cinema City, H&M, and Zara are among its anchor tenants. The transaction was advised by Linklaters, a prestigious law firm, whose Warsaw team was led by National Managing Partner Janusz Dzianachowski and included other prominent legal experts. This acquisition underscores NEPI Rockcastle's strategic focus on enhancing its market position in Central and Eastern Europe's retail sector. However, Linklaters has not disclosed further details on the deal.
Sectors
- Retail Real Estate
- Legal Advisory
Geography
- Poland – Silesia City Center, the acquisition target, is located in Katowice, Poland, making this a significant geographical focus of the article.
Industry
- Retail Real Estate – NEPI Rockcastle operates within the retail real estate sector, focusing on acquiring and managing shopping centers.
- Legal Advisory – Linklaters, a prominent law firm, provides legal advisory services, which were crucial in facilitating NEPI Rockcastle's acquisition.
Financials
- EUR 405 Million – The acquisition price for Silesia City Center by NEPI Rockcastle.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NEPI Rockcastle | Buyer | Company | A major retail real estate company involved in the acquisition of Silesia City Center. |
| Silesia City Center | Target Company | Company | A dominant shopping center in Katowice, Poland, with over 88,400 square meters of lettable area. |
| Linklaters | Legal Advisor | Company | The law firm that advised NEPI Rockcastle on the acquisition deal. |