Last autumn, NEPI paid almost EUR150 million for the mall developed by Austria’s group Raiffeisen Evolution, a project that was managed in the past months by Marius Barbu, the group’s asset & property management officer.
Mahu, 30, who will take over the reins of Promenada in early April, graduated Alexandru Ioan Cuza University of Iasi and was center manager at shopping center Felicia of Iasi. In the summer of 2013, he was appointed as head of property management at DTZ, a company that currently manages shopping centers in Sibiu, Suceava and Iasi and has a 28-people team in this department.
At DTZ, he will be replaced by Mihaela Petroescu, 33, a consultant who also worked for CBRE and Capital Property Advisers and joined DTZ last summer.
“Promenada is a growing project, both by traffic and sales and the challenge is related to what the project will become in the wake of expansion,” Sebastian Mahu told ZF.
NEPI plans to expand Promenada mall on a 1.2-ha land plot nearby and next month the group will also open Mega Mall project of Bucharest’s Pantelimon district.
In 2014, Promenada sales revolved around EUR80 million and rent income topped EUR10 million, but NEPI wants to improve these figures by adding new commercial and entertainment spaces and better management.
(English version by Catalina Apostoiu)