Riviera shopping centre in Gdynia to change hands (PL)

Colliers and JLL announced the signing agreement for the sale of the Riviera shopping centre in Gdynia. The volume of the transaction is €291 mln, with potential increase through earn outs up to €300 mln. The closing is scheduled to occur on August 31, 2015.
International advisory companies Colliers and JLL co-exclusively represented the vendor –Foncière Euris and its subsidiary Rallye – in this transaction.
With over 70,000 m² GLA and more than 230 shops, Riviera is the largest shopping and entertainment centre in the Tri-City region (Gdańsk, Gdynia, Sopot). The scheme boasts an extensive retail and services offer including leading Polish and international brands such as Bershka, H&M, Mango, Massimo Dutti, Pull & Bear, Reserved, Stradivarius, Zara, Van Graaf, as well as Auchan hypermarket.
A Helios multiplex cinema and numerous restaurants contribute to Riviera's well-developed entertainment area. The scheme was commissioned for use in October 2013.
Mayland Real Estate acts as a Property Manager for Riviera shopping centre.
Source: JLL