Prosperus Fund to Buy Vilnius Ozas Mall From NEPI Rockcastle for €200M

Prosperus Retail Property Fund has signed an agreement to purchase the Ozas shopping and entertainment centre in Vilnius, Lithuania, from NEPI Rockcastle for €200 million, according to a disclosure released through GlobalNewswire.

The transaction represents a significant transfer of one of the Baltic region's prominent retail assets. Ozas is a well-established shopping and entertainment destination in the Lithuanian capital, and the deal underscores continued investor appetite for large-format retail property in Central and Eastern Europe despite broader pressures on the sector globally.

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For NEPI Rockcastle, the sale marks a divestment of a flagship asset in the Baltic market. The company, which operates an extensive portfolio of retail real estate across Central, Eastern, and South-Eastern Europe, has periodically adjusted its holdings as part of portfolio management strategy. The agreed price of €200 million signals that institutional-grade retail centers in the region continue to command premium valuations.

Prosperus Retail Property Fund's move to acquire Ozas reflects growing interest from dedicated retail-focused investment vehicles seeking to expand footprints in markets where consumer spending remains relatively resilient. The Vilnius retail market has shown stability, supported by Lithuania's sustained economic growth within the European Union framework.

Further terms of the transaction, including expected closing timelines and any conditions precedent, were not detailed in the announcement. Continue reading at GlobalNewswire.