NEPI Rockcastle is pleased to announce that, on 21 September 2017, through its subsidiary NEPI Project two EOOD, it has acquired all the issued shares in, and claims against, BULFELD EOOD, the owner of Paradise Center in Sofia, Bulgaria (‘the Transaction”).
The Transaction will be effective upon obtaining approval of the Bulgarian Competition Authority. This acquisition strengthens NEPI Rockcastle’s position as the largest listed retail real estate company in Central and Eastern Europe (“CEE”), and together with the acquisition of Serdika Center earlier this year, its presence in the Bulgarian market.