NEPI acquires Iris Titan for €86m

by   CIJ News iDesk V
2015-08-27   10:42
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NEPI bought the Iris Titan shopping center in Bucharest from Aberdeen Asset Management Deutschland AG for €86m.

Aberdeen was advised by Colliers International and Biris Goran.

The buyer, NEPI, was advised by Reff & Asociatii SCA, the lawyer company representing Deloitte Legal in Romania.

Iris Titan, located in eastern Bucharest, offers 44,730 sqm of space. The project is anchored by the biggest Auchan hypermarket in Romania. Other tenants include several retail stores including Adidas, C & A, CCC, Deichmann, dm, Flanco, H&M and New Yorker along with a cinema.