Rockcastle acquires Platan shopping center in Zabrze

South African Rockcastle Global Real Estate equity fund has purchased Triuva Platan shopping center in Zabrze, a press release read. The value of the transaction totaled €51.8 million. Platan shopping mall was launched in 2003. It offers 25,336 sqm of GLA and hosts 75 retailers. "This acquisition brings the total number of shopping centers in our portfolio to four existing centres, two new developments and we are actively pursuing numerous other retail opportunities in Poland which we expect to conclude in 2016," Spiro Noussis, CEO at Rockcastle. So far, Rockcastle has acquired Fabryka Wołomin, CH Pogoria and CH Karolinka for a total value of €220 million. Rockcastle was advised in this transaction by Cushman & Wakefield, Weil, Gotshal & Manges and CMT. The seller was represented by JLL, Linklaters and Arcadis.