Linklaters has advised NEPI Rockcastle on its acquisition of Silesia City Center in Katowice, Poland, for €405m.
This acquisition represents one of the largest shopping centre transactions in Central and Eastern Europe in recent years.
Silesia City Center is a dominant shopping centre in Katowice, with strong operational performance. It offers over 88,400m2 of gross lettable area and has an occupancy rate of 98.4%, with anchor tenants including Cinema City, Half Price, H&M, Kaufland, Media Markt, Primark, Reserved, TK Maxx, and Zara.
This transaction marks another advisory role for Linklaters with NEPI Rockcastle this year, following the Magnolia Park shopping centre acquisition from Union Investment for €373m.
Image source - Pexels.
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