New Europe Property is paying €82m in cash and taking on bank debt of €83m in exchange for three companies that own the Aupark Kosice Mall, the Aupark Kosice Tower and Malinovsky Barracks (a 4.1 hectare site located in the centre of Kosice).
Kosice is a town in Slovakia with about 240,000 residents. The biggest employer is US Steel’s Kosice plant. The Aupark Kosice Mall is a 34,000 sqm shopping centre located in the historic city centre, at a major intercity crossroad. They say it has excellent visibility, a simple layout with a large parking capacity and car access from the main ring road. The catchment area includes approximately 480,000 residents within a 45-minute drive. The mall contains numerous international fashion brands, a Billa supermarket, a Datart Megastore and various other international and national tenants. The Aupark Kosice Tower has 12,800 sqm of space and is the office of international firms such as GTS Slovakia, Holcim, IBM and PwC.
NEPI : New Europe Property makes Slovak investment