The sale is consistent with NEPI Rockcastle’s investment strategy to focus on core dominant properties
and increase its presence in countries with investment grade rating. The proceeds will finance the company’s future acquisitions and developments.
Following the sale of its subsidiary, NEPI Rockcastle will no longer have properties and will cease its operations in Serbia.
BIG CEE is the subsidiary of BIG Shopping centers Israel, based in Belgrade capital of Serbia, since 2007. It holds and operates 15 active shopping centers – 13 in Serbia and 2 in Montenegro. In Serbia, BIG CEE also operates 9 Retail Parks which are branded as BIG, 2 Shopping Centers which are branded as BIG Fashion and the only Designer Outlet in the country branded as BIG Fashion Outlet.
