IFLR1000

Atterbury Europe/MPC Properties €259 million real estate joint venture

3/12/2015
Joint venture, Public acquisition
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€ 259 million

Completed

3/12/2015

Overview:

  • Atterbury Europe has undertaken a €259 million joint venture in Serbia with MPC Properties.
  • The deal sees Atterbury take a 1/3 stake in a portfolio of seven Serbian shopping centres and the two parties found a development fund aimed at retail real estate in the Balkans.
  • The portfolio includes the Ušce Shopping Centre in Belgrade.
  • Atterbury Europe is itself a joint venture between Atterbury Group and a number of investors. It focuses on retail real estate developments in South, Central and Eastern Europe.

Sam Duke - Editor

Jurisdiction:

Serbia

Deal types:

Joint venture
Public acquisition

Practice areas:

Corporate and M&A
M&A

Industry sector:

Real estate

Firm:

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