ARTICLES LABELLED WITH TAG NEPI Rockcastle

Plaza Centers has concluded an agreement with NEPI Rockcastle, on the termination of land use rights over a circa 21,788 sqm land plot adjoining Arena Plaza in Budapest, Hungary, registered to a subsidiary of the company, Kerepesi 5 Irodaépület Kft. NEPI Rockcastle has recently acquired the Arena Plaza shopping centre from a third party.

Through its subsidiary NEPI Rockcastle has acquired Paradise Center in Sofia, Bulgaria from BULFELD EOOD for €252.9 million, resulting in an acquisition yield of approximately 7%. The transaction will be effective upon obtaining approval of the Bulgarian Competition Authority.

Through its subsidiary NEPI Rockcastle has acquired the Arena Plaza shopping centre in Budapest from Symmetry Arena Ingatlankezelő Kft. The aggregate purchase price paid for the transaction was €275 million, resulting in an acquisition yield of approximately 6.2%.