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New Deal


Announced

Completed

NEPI Rockcastle completed the acquisition of Forum Gdansk Shopping Centre from Blackstone for €250m.

Financials

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Transaction Value£218m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Cross Border

shopping centre

Poland

Diversified Retailers

Private Equity

Friendly

Single Bidder

Completed

Acquisition

Majority

Synopsis

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NEPI Rockcastle, an owner and operator of shopping centers in Central & Eastern Europe, completed the acquisition of Forum Gdansk Shopping Centre from Blackstone, a private equity firm, for €250m. “Forum Gdansk represents a compelling investment opportunity. We strongly believe in retail real estate and its positive outlook, despite concerns over the macroeconomic context and potential slowdown as a result of the rising inflation and interest rates. We are long-term investors and we are confident that fundamentally Central and Eastern Europe is a region that will continue to show further economic growth in the future," Rüdiger Dany, NEPI Rockcastle CEO.

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