NEPI Rockcastle Plc (DE:0A3) has released an update.
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NEPI Rockcastle is in negotiations to purchase Magnolia Park, a prime shopping center in Wroclaw, Poland. Magnolia Park boasts a 100,000 m2 gross lettable area and has demonstrated excellent operational performance with strong growth potential. The acquisition is pending formal agreements and will be classified as a category 2 transaction, not requiring shareholder approval.
For further insights into DE:0A3 stock, check out TipRanks’ Stock Analysis page.
