HLRE sells Megapark Mall to NEPI Rockcastle for 254 million euros

HLRE has sold the Megapark Shopping Centre in Barakaldo to real estate company NEPI Rockcastleforalmost 254 million euros , the company's first acquisition in our country specializing in shopping malls in central and eastern Europe.

Thispartner, which emerged as a result of the merger of Helios RE and Lar España , announced the agreement on Thursday and the transaction  is expected to take place in the coming months.

Megapark is one of the largest commercial parks in the Basque Country, with a gross rental area of 80 971 square metres, 90 tenants and a physical occupancy rate of 98.5% by August 2026.

NEPI Rockcastle has an investment portfolio of around EUR 8.2 billion spread over Bulgaria, Croatia, the Czech Republic, Hungary, Lithuania, Poland, Romania and Slovakia.

Similarly, the capitalization of the real estate company is around EUR 5.8 billion, with 60 properties, not including Megapark, although the operation is subject to certain suspensive conditions typical of this type of transaction.

Megapark's sale is part of its strategy of selective rotation of assets and highlights both the good results of our active management and the attractiveness of HLRE Socimi's parks and shopping centers, said its president, Vanessa Gelado .