The fund’s assets were estimated at EUR1.5 billion, most of them on the local market.
The revenue growth was mainly triggered by notable acquisitions in the last five years. In 2014, for example, NEPI bought Promenada mall in Bucharest from Raiffeisen Evolution for EUR148 million. On Thursday, NEPI opened the biggest shopping mall built in the last five years in the capital city, Mega Mall, following EUR165 million investments.
NEPI is one of the main players on the local market, managing shopping centers such as Vulcan Value Center, City Park Constanta, Ploiesti Shopping City, Braila Mall, Galati Shopping City.
NEPI also owns office buildings Floreasca Business Park, The LakeView in Bucharest, City Business Centre in Timisoara and The Office in Cluj.