Nepi Rockcastle acquires Forum Gdansk shopping centre in Poland

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NEPI Rockcastle has acquired the Forum Gdansk Shopping Centre in the northern Polish port city, for EUR 250 million. The property covering 63,500 sq. m gross lettable area was sold by Multi Veste 339 B.V.

The acquisition represents one of the biggest single asset shopping centre transactions by value in Europe and the largest in CEE in 2022 and it was funded from NEPI Rockcastle’s cash resources and credit facilities.

This transaction follows the company’s acquisition of the 48,000 sq. m GLA Copernicus Shopping Centre in Torun, north-central Poland, for EUR 127 million, announced in November.

Forum Gdansk covers a six-hectare canal side location on the inner-city ring road and between the city’s two main railway stations, right next to the old town. It has 1,100 parking spaces.

The shopping centre opened in 2018 and current occupancy is around 93% with anchor tenants including, Eurospar, Helios, H&M, Reserved, TK Maxx, Van Graaf and Zara.

NEPI Rockcastle owns over 2,000,000 sq. m of modern retail portfolio across nine Central and Eastern European countries: Romania, Poland, Slovakia, Bulgaria, Hungary, Croatia, Czechia, Serbia and Lithuania.

SEE ALSO: NEPI Rockcastle collected over 90% of the rent for Q1 2020

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