NEPI Rockcastle acquires shopping mall in Spain, completes first investment outside CEE
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The group, led by a Polish CEO and operating for years in Central and Eastern Europe, has begun purchasing retail properties in the West. A shopping mall in Bilbao has been added to its portfolio.
Nepi Rockcastle, a benchmark in shopping centers in Central and Eastern Europe, has just made its way into the Spanish market with the acquisition of the Megapark Barakaldo commercial park for approximately 250 million euros.This operation not only represents a strategic movement for the company, but also reflects a significant boost for the Spanish economy and real estate sector, especially in the retail sector.Who is Nepi Rockcastle and what i…
NEPI Rockcastle is beginning its expansion into the West. The group has agreed to purchase MegaPark Barakaldo in Bilbao. This is the company's first facility in Spain and its first investment outside of Central and Eastern Europe.
Nepi Rockcastle has landed in Spain with the acquisition of Megapark Barakaldo from Hines for 250 million euros, as they have advanced to Five Days sources of the real estate sector. The operation allows the investor quoted in Amsterdam and South Africa to take positions in one of the largest retail poles in the Basque Country. Nepi enters Spain with a mature asset of Basque retail The commercial park exceeds 80,000 square meters of rented area …
Nepi Rockcastle breaks into Spain with the purchase from Helios Real Estate (HLRE) Socimi of the Megapark mall, located in Barakaldo, for a total amount of 254 million...
NEPI Rockcastle acquires Megapark Barakaldo in Bilbao, its first investment outside CEE
NEPI Rockcastle, Europe’s third-largest listed retail real estate company by portfolio value, has acquired MegaPark Barakaldo — one of the northern Spain’s leading shopping and leisure destinations — from Le Retail Hiper Ondara S.L.U., part of HLRE Socimi, for a cash consideration of €252 million net (brut purchase consideration of €254 million), payable on completion. […] The post NEPI Rockcastle acquires Megapark Barakaldo in Bilbao, its first…
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