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Dentons and Wolf Theiss Advise on NEPI/Rockcastle Acquisition of Aura Centrum Shopping Center in Poland

Dentons and Wolf Theiss Advise on NEPI/Rockcastle Acquisition of Aura Centrum Shopping Center in Poland

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Dentons has advised NEPI Rockcastle on its EUR 64.9 million acquisition of the Aura Centrum shopping center from Amsterdam-based company Rockspring NPS European Alfa B.V., which was advised by Wolf Theiss.

The Aura Centrum, which opened in 2005, is a shopping center in the heart of Olsztyn, in north-eastern Poland. It offers a gross leasable area of over 25,000 square meters and is 94.2% let to tenants such as Carrefour, H&M, Helios cinema, LPP brands, Sport, New Yorker, and RTV Euro AGD.

NEPI Rockcastle also owns Galeria Warminska, another major shopping center in Olsztyn — the only major city in the Warminsko-Mazurskie province of Poland. According to Dentons, the consolidation of both retail and entertainment properties will allow NEPI Rockcastle to better tailor and diversify the offer to customers in the regional catchment area.

The Denoton’s team consisted of Partners Pawel Debowski and Monica Sitowicz and Associate Paulina Czostek.

The Wolf Theiss team was led by Partner Tomasz Stasiak and included Senior Associate Iwona Huryn.

 

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