Aupark Bratislava sold for EUR 450 mln

Initially, the joint venture will purchase a 60 pct interest in the mall, with the remaining 40 pct to be transferred in pre-agreed stakes in 2022, 2023 and 2024. The transaction of the first stake should be completed during the first half of this year, subject to standard conditions precedent, such as competition clearance. As part of the deal, Unibail-Rodamco-Westfield (URW) has provided a three-year rent guarantee and participatory credit, including an earn-out mechanism. The joint venture fo