In one of the largest deals on the Romanian market this year, NEPI bought Shopping City Sibiu from Argo Group for €100m. The deal was brokered by JLL. PeliFilip assisted Argo Group in the sale. Offering 79,100 sqm of space, Sibiu Shopping City is the third largest retail park in Romania. It is anchored by Carrefour and Auchan. The first phase of Shopping City Sibiu was opened in November 2006.
“The thoughtful management and continuous attention towards tenant mix by our team has turned Shopping City Sibiu into the main shopping destination of the region. Our most recent initiatives before the sale will bring the first multiplex cinema to the city of Sibiu,” said Dennis Selinas, CEO of Argo Group. “Argo will continue to restructure its Romanian portfolio aiming to optimize the investments made in the commercial property markets of Central and Eastern Europe.”
