NEPI Rockcastle will not buy Kraków malls

Johannesburg Stock Exchange- and Euronext Amsterdam-listed commercial property investor and developer NEPI Rockcastle has revealed that the preliminary agreement to buy the Serenada and Krokus shopping centers in Kraków from developer Mayland Real Estate which was announced in October 2017 has been terminated. The agreement was entered into by NEPI Rockcastle’s wholly-owned subsidiary Tuvalu and its finalization was subject to conditions precedent that were to be fulfilled by the end of 2018. Meanwhile, some of those conditions have not been met till today, among them the receipt of some of the required regulatory approvals.

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