Žilina Aupark sold to NEPI for €87.5 Million

Developer HB Reavis, announced the sale of one of its shopping malls Wednesday, August 7, as New Europe Property Investments (NEPI) will purchase Aupark shopping mall in Žilina. “After taking the existing tax commitment into account, the value of transaction stood at €87.5 million," a statement from HB Reavis said. It is not the first major transaction for the company this year, as it already sold its Apollo Business Center II complex in Bratislava to Generali PPF (Czech Republic). The Žilina-based Aupark, built in 2010, contains 24,000 square metres of retail space and almost 2,000 square metres of office space. There are more than 120 stores, employing a total of approximately 600 people. According to the developer, there are 400,000 inhabitants of the catchment area of this shopping mall. HB Reavis is an international developer founded in 1993 and based in Luxembourg and active in Slovakia, Poland, Hungary, Croatia and the Czech Republic. NEPI, founded and registered in 2007 in the Isle of Man, represents a company dealing with real estate, with an emphasis on investments in “dominant or potentially dominant” retail assets.

Developer HB Reavis, announced the sale of one of its shopping malls Wednesday, August 7, as New Europe Property Investments (NEPI) will purchase Aupark shopping mall in Žilina.

“After taking the existing tax commitment into account, the value of transaction stood at €87.5 million," a statement from HB Reavis said. It is not the first major transaction for the company this year, as it already sold its Apollo Business Center II complex in Bratislava to Generali PPF (Czech Republic).

The Žilina-based Aupark, built in 2010, contains 24,000 square metres of retail space and almost 2,000 square metres of office space. There are more than 120 stores, employing a total of approximately 600 people. According to the developer, there are 400,000 inhabitants of the catchment area of this shopping mall.

HB Reavis is an international developer founded in 1993 and based in Luxembourg and active in Slovakia, Poland, Hungary, Croatia and the Czech Republic. NEPI, founded and registered in 2007 in the Isle of Man, represents a company dealing with real estate, with an emphasis on investments in “dominant or potentially dominant” retail assets.

(Source: TASR)
Compiled by Zuzana Vilikovská from press reports
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