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Acquisition of Galeria Mlyny Shopping Centre in Nitra, Slovakia
NEPI Rockcastle plc
Incorporated and registered in the Isle of Man
Registered number 014178V
JSE share code: NRP
Euronext share code: NRP
ISIN: IM00BDD7WV31
("NEPI Rockcastle" or "the Company")
ACQUISITION OF GALERIA MLYNY SHOPPING CENTRE IN NITRA, SLOVAKIA
NEPI Rockcastle is pleased to announce that, on 21 June 2018, through its subsidiary NRP Shopping Centre Project Two
s.r.o., it has signed a binding agreement to acquire 100% of the shares in MLYNY, a.s., being the owner of Galeria Mlyny
shopping centre in the city of Nitra in Slovakia ("Galeria Mlyny" or "the Property") from a group of local investors.
Galeria Mlyny is a shopping and entertainment mall in the city centre of Nitra with a gross lettable area ("GLA") of
33,200 sqm. Opened in 2009, the Property was extended in 2015 with a new wing, which includes a five-screen multiplex
cinema. Galeria Mlyny is 98% let, including key anchors such as Billa supermarket, Bershka, C&A, CCC, Deichmann, Gant,
Geox, Guess, H&M, Humanic, Intersport, Lindex New Yorker, Orsay, Takko, Tommy Hilfiger and US Polo Assn.. The
Property is located in the heart of the city, on a main intersection and next to the university residential quarters, and benefits
from an annual footfall of 9 million people.
Galeria Mlyny is the main retail destination in Nitra, a city of 79,000 people in western Slovakia and the capital of the region
with the same name, populated by over 689,000 people. The city has an important regional function as the administrative and
educational centre of the county, with two universities enrolling over 24,000 students. The city's economy is expected to
benefit from a new automotive assembly plant which will open in the second part of 2018 and offer up to 2,800 jobs by 2020.
The acquisition of Galeria Mlyny will further strengthen NEPI Rockcastle's Slovakian portfolio, which previously consisted
of four shopping centres, making NEPI Rockcastle the largest retail landlord in the country.
The aggregate purchase price for Galeria Mlyny was EUR 121.8 million. The Property has a current net operating income of
EUR 8.4 million per annum, excluding potential income from vacancies.
FUNDING OF THE TRANSACTION, WARRANTIES AND CONDITIONS PRECEDENT
The acquisition of Galeria Mlyny will be funded by divestments from various listed security positions (consistent with
management's strategy of decreasing this exposure), supplemented by existing liquidity resources and debt facilities. The
transaction will be closed once the outstanding conditions precedent are fulfilled.
The purchase agreement for the transaction contains warranties typically associated with a transaction of this nature.
CATEGORISATION OF THE TRANSACTION
The acquisition of Galeria Mlyny is not categorisable in terms of the JSE Listings Requirements.
For further information please contact:
NEPI Rockcastle plc
Alex Morar +40 21 232 1398
JSE sponsor
Java Capital +27 11 722 3050
Euronext Listing Agent
ING Bank +31 20 563 6799
25 June 2018
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