NEPI Rockcastle wins Best Commercial Investment for €405M Silesia City Center deal

At the 2025 Hall of Fame (HOF) Awards, NEPI Rockcastle’s acquisition of Silesia City Center in Katowice, Poland, was honored with the “Best of the Best Commercial Property Investment Transaction of the Year.” This €405 million deal stands as one of Central and Eastern Europe’s most significant retail real estate transactions in recent years.

Silesia City Center, a dominant shopping mall in southern Poland, encompasses over 88,400 square meters of gross lettable area and boasts an impressive 98.4% occupancy rate. Anchor tenants include prominent brands such as Cinema City, H&M, Kaufland, Media Markt, Primark, Reserved, TK Maxx, and Zara. The center serves a substantial catchment area, with over 280,000 people within a 15-minute drive and nearly 2.2 million within 45 minutes, reflecting its strategic location and regional significance.

The acquisition was finalized in December 2024, with NEPI Rockcastle purchasing all shares of Helios SCC, the entity owning the mall, from a consortium comprising Allianz Finance VII Luxembourg (45%), Kamsa Luxco 2 (45%), and Cura Beteiligungsgesellschaft International (10%). The transaction also included the acquisition of Elco Energy and Elco ICT, providers of energy and communication services for the mall’s tenants.

NEPI Rockcastle funded the purchase primarily through a €300 million equity raise completed in October 2024. The company projects a net operating income of €30.3 million for 2024, with expectations to stabilize at €32 million following integration and asset management enhancements.

Rüdiger Dany, CEO of NEPI Rockcastle, remarked, “This high-quality shopping center has a commanding market position in Katowice, one of Poland’s largest and wealthiest cities. We look forward to leveraging our asset management expertise to drive long-term value growth in this latest investment.”

The HOF Awards jury recognized the acquisition for its scale, strategic execution, and contribution to strengthening NEPI Rockcastle’s portfolio in the region. This award underscores the company’s commitment to investing in core, income-producing properties within investment-grade countries.