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Hyprop Investments/Homestead Group €202.5 million acquisition of Delta City Shopping Malls

12/2/2016
Public acquisition
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€ 202.5 million

$ 213.594 million

Announced

12/2/2016

Overview:

  • South African investors Hyprop Investments and Homestead Group have acquired Delta City for €202.5 million from Delta Real Estate and Hemslade Trading.
  • The deal sees the pair acquiring the Delta City Shopping Malls in Belgrade and Podgorica.
  • Delta City Belgrade is a shopping centre with 29,876 square meters of space and 122 shops.
  • Delta City Podgorica is a shopping centre with 23,608 square meters of space with 80 shops.

Sam Duke - Editor

Jurisdictions:

Montenegro
Serbia

Deal type:

Public acquisition

Practice area:

M&A

Industry sectors:

Consumer goods and services
Real estate

Firms:
Harrisons

Party: Hyprop Investments (Acquirer)

Party: Homestead Group (Acquirer)

Lawyers: Goran Martinović, Ines Matijevic-Papulin, Mark Harrison

JPM & Partners

Party: Delta Real Estate (Seller)

Party: Hemslade Trading (Seller)

Lawyer: Jelena Gazivoda

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