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.