UniInstitutional European Real Estate of Union Investment Real Estate GmbH agreed to acquire Riviera Shopping Center in Gdynia from Fonciere Euris SA (ENXTPA:EURS) and Rallye Société Anonyme (ENXTPA:RAL) for €300 million on May 20, 2015. Consideration of €9 million is performance-related earnout which is to be paid in three years. As of July 15, 2015, Fonciere Euris SA and Rallye Société Anonyme signed an agreement to sell Riviera Shopping Center in Gdynia. The transaction, subject to approval of Polish Competition and Consumer Protection Office is expected to close on August 31, 2015. Colliers and JLL acted as real estate advisors for Fonciere Euris SA and Rallye Société Anonyme. Piotr Szafarz and Piotr Staniszewski of Dentons acted as legal advisors for Fonciere Euris Group. Hogan Lovells acted as legal advisor, Cushman & Wakefield acted as real estate advisor and EY acted as accountant for Union Investment.

UniInstitutional European Real Estate of Union Investment Real Estate GmbH completed the acquisition of Riviera Shopping Center in Gdynia from Fonciere Euris SA (ENXTPA:EURS) and Rallye Société Anonyme (ENXTPA:RAL) on September 2, 2015.