WOOD & Co. buys Aupark as Unibail Rodamco Westfield sell-off continues

Robert McLean

#cee, #proptech, #development a #architecture

Wood & Company has announced an agreement with Unibail Rodamco Westfield (URW) to acquire Aupark Bratislava for €450 million. Wood & Company is the transaction leader with its JV partner Tatra Asset Management. They will acquire an initial 60% interest in Aupark before taking over the remainder through pre-agreed stakes in 2022, 2023, and 2024. The shopping center's €229.5 million in financing has also been refinanced by obtaining non-recourse bank financing.

The deal illustrates the deep scars that will be left by the pandemic as well as the vital role that cash-rich, local investors are . . .

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