Spectator on facebook

Spectator on facebook

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
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Night life in Bratislava will not end

Councillors for the Old Town adopt new opening hours for pubs, night clubs and restaurants.

How social networks can earn you a ticket to Germany

Can a status on a social network change someone’s life? Yes, if you write humorous stories about a fictive German ambassador.

Assaf Alassaf (r) talked about his life and his book in Bratislava

The most famous circus comes to town Video

The famous Cirque du Soleil is in Bratislava celebrating the 15th year of its show Varekai: Tales of the Forest.

Cirque du Soleil: Varekai

New investor to create 500 jobs in Nitra

A company following the Jaguar Land Rover carmaker to Nitra plans to create 500 new jobs and invest €17 million.

Tha Jaguar Land Rover draws also other investors to Nitra.