NEPI sells a hypermarket to Auchan

NEPI has sold, through its subsidiaries NE Property Cooperatief UA and NEPI Bucharest One SRL, a hypermarket to Auchan Romania SA. Currently, NEPC and NEPI One jointly own Connect Investment SRL. Connect is the holding company of the Retail Park Auchan situated in Pitesti, Romania which consists of a commercial center with a total gross lettable area of approximately 43,100 m². The purchase price is €28.7 million.

The Hypermarket has a gross lettable area of approximately 18,264 square metres and mainly consists of sales, storage, administration and office areas, loading and unloading docks adjoining the Hypermarket and includes the related pro rata quota of the land underneath.