NEPI Rockcastle buys Olsztyn mall for almost €65 mln

Johannesburg Stock Exchange- and Euronext Amsterdam-listed commercial property investor and developer NEPI Rockcastle has acquired the Aura shopping center in Olsztyn in north-eastern Poland from Rockspring. The value of the transaction amounts to €64.9 million. Opened for business in 2005, the Aura mall was extended in 2009 and modernized in 2013 and 2016. It comprises more than 25,000 sqm of GLA and is currently 94.2 % leased out with major tenants including Carrefour, H&M, Helios, LPP, Martes Sport, New Yorker, RTV Euro AGD and Smyk. NEPI Rockcastle also owns the Galeria Warmińska shopping center in Olsztyn, which is the dominant mall in the city.