NEPI Rockcastle Plc (DE:0A3) has released an update.
NEPI Rockcastle has expanded its portfolio by acquiring Magnolia Park, a major shopping center in Wroclaw, Poland, for €373 million, which is expected to enhance the Group’s earnings. This strategic acquisition aligns with the Company’s focus on dominant retail properties in investment-grade countries and is poised to bolster its presence in Central and Eastern Europe. Magnolia Park boasts a high occupancy rate and serves as a key retail destination in one of Poland’s economically strongest cities.
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