Tiberiu Smaranda, Executive Director at NEPI, said Shopping City Timisoara is one of the most successful real estate projects on NEPI’s 2016 agenda.
The shopping center is built on an 18-hectare land, in two stages, and, at the end of its development, in March 2016, it will reach a lettable area of 70,000 square meters.
NEPI recently said the completion of the second construction stage of Shopping City Timisoara, scheduled for March 31, 2016, will bring to the Romanian market the largest and most modern shopping center in western Romania, with famous brands such as Zara, Bershka, Stradivarius, Pull&Bear, H&M, C&A, New Yorker, Koton, LC Waikiki, CCC, Orsay, Motivi, Sport Vision, Hervis, Kenvelo, Lee Cooper, Time Out, Adidas, Pandora, Office Shoes, Deichmann, Sephora, Douglas, Tom Tailor, Colins, Suvari, Teilor, Pizza Hut, Starbucks.
Along with the inauguration of the first stage, in November 2015, Shopping City Timișoara brought to the people in Timisoara the first Carrefour hypermarket in the region, alongside other 25 national and international retailers, among which Dedeman, Media Galaxy, Noriel, Kendra, Pepco, Help Net, SensiBlu, Opticris, TUI Travel, Zoocenter, Mondex.
New Europe Property Investments is an investment group listed on the Johannesburg Stock Exchange (JSE), on the London Stock Exchange (LSE), and on the Bucharest Stock Exchange (BVB).
NEPI’s portfolio includes Mega Mall, Mall Promenada, Vulcan Value Center, CityPark Constanta, Ploiesti Shopping City, Braila Mall, Galati Shopping City, Shopping City Targu-Jiu, Severin Shopping Center and other shopping centers countrywide, as well as in Serbia and Slovakia. NEPI also owns office buildings Floreasca Business Park, The LakeView in Bucharest, City Business Centre in Timisoara and The Office in Cluj.