Klépierre, Europe’s leading shopping centre owner‑operator, has agreed to acquire Casamassima Shopping Centre, the premier retail destination in the Bari metropolitan area of southern Italy, in a transaction valued at approximately €165 million. The deal, completed at the end of 2025, reinforces Klépierre’s strategic footprint in southern Europe and highlights continued investor interest in high‑quality retail assets.
Casamassima, located along the S.S. 100 road between Bari and Taranto, serves a broad catchment area and registers around 7.5 million annual visitors, underlining its importance as a regional retail and leisure hub. The centre forms part of the largest shopping and leisure destination in Apulia, encompassing approximately 100,000 square metres of spaceand anchored by a 34,000 sqm GLA enclosed mall with 110 shops, an 11,000 sqm GLA hypermarket, and an external park of large‑format retail units. Support infrastructure includes 5,800 parking spaces, enhancing convenience and accessibility.
Casamassima’s retail mix blends everyday convenience, international brands, and entertainment. Key anchors include Spazio Conad as food operator, Leroy Merlin, Decathlon, MediaWorld, Sephora, Foot Locker and Rituals, alongside a multi‑screen cinema operated by The Space Cinema. The fashion offer is highlighted by a flagship Zara and the only Primark store in the Apulia region, supplemented by other Inditex brands such as Bershka, Stradivarius and Pull & Bear.
Seller Profile: Ceetrus and New Immo Holding
The shopping centre was sold by Ceetrus Italy, part of New Immo Holding, the parent company that also includes Nhood, the group’s real estate services and solutions platform. Within this structure, Ceetrus focuses on investment and asset ownership, while Nhood provides a full suite of services including property and asset management, leasing, technical operations, place‑making and capital markets advisory capabilities designed to optimise real estate transactions and enhance value for stakeholders.
Klépierre’s Strategic Rationale
For Klépierre, Casamassima represents a compelling acquisition given its strong market position, resilient footfall and diverse retail and leisure mix. The transaction supports Klépierre’s Business‑to‑Business strategy of securing dominant shopping centres that serve as regional anchors for international brands.
The company has announced plans to invest in a refurbishment programme at Casamassima to enhance the customer experience and strengthen the tenant mix. Several retailers have already signalled intentions to expand their presence, including new flagship concepts that are expected to further elevate the centre’s appeal.
By integrating Casamassima into its southern European platform, Klépierre expects to drive value through active asset management, re‑tenanting initiatives, rental reversion and the development of additional income streams. Financially, the company anticipates generating a high single‑digit cash return in the first year of ownership, reflecting confidence in the asset’s performance potential.
Nhood’s Evolving Capital Markets Capabilities
Nhood’s capital markets team has been increasingly visible in European real estate markets, supporting complex transactions and corporate initiatives across the continent. In 2024, the team collaborated with partners on the sale of Alegro Sintra, a €180 million retail asset transaction in Portugal, demonstrating its ability to navigate sizeable commercial deals.
Earlier in the year, Nhood’s capital markets professionals were also involved in the sale of the Alegro Montijo shopping centre to Lighthouse Capital in a transaction of a similar scale, underscoring the group’s deepening engagement in cross‑border retail sales and disposals.
In Italy, Nhood continues to invest in strengthening its capital markets platform: in mid‑2025, the company announced key strategic appointments to its Italian capital markets team, including experienced industry professionals tasked with expanding its advisory reach and transaction capabilities.
Positioned across multiple European markets and supported by dedicated professionals specialising in real estate transactions, strategic capital allocation and tailored investment solutions, Nhood’s capital markets division reflects a broader commitment to integrated services that bridge operational excellence with financial strategy.