Owner change at the Mammut shopping mall

The NEPI Rockcastle real estate investor and developer has acquired a majority stake for 254 million euros in one of Budapest’s largest shopping malls the Mammut – the company announced on Thursday on the Moneyweb South African business news portal.

The NEPI Rockcastle, registered in the Isle of Man, was established on July 11, 2017, merging with New Europe Property Investments (NEPI) and Rockcastle Global Real Estate Company Limited (Rockcastle). It is present in nine East and Central European countries, and shares are listed on the Johannesburg and Amsterdam stock exchanges. (MTI)