Rental and related income rose 42% to EUR149 million.
NEPI is listed on the international segment of Bucharest Stock Exchange and has a market capitalization of RON14.8 billion.
In Romania, the company completed the phased opening of the fashion extension to the City Park mall, in Constanta city. The mall features brands such as Adidas, Bata, Benvenuti, Bershka, BSB, C&A, Colin’s, Columbia, Ecco, Guess, H&M, Koton, Lacoste, LC Waikiki, Mango, Marks & Spencer, Mothercare, Motivi, Musette, New Yorker, Nike, Oysho, Pandora, Pull&Bear, Sephora, Sport Vision, Stefanel, Stradivarius, Tom Tailor, US Polo Assn., World Class, Zara and Zara Home. Including the extension, the center has 52,000 sqm GLA and is well positioned to be the dominant mall in the city.
As for retail property developments and extensions in Romania, NEPI has initiated permitting for the development of a 27,900 sqm GLA regional mall in Ramnicu Valcea (Ramnicu Valcea Mall), following the acquisition of a 12 ha land plot. Subject to permitting, the development will begin in the first quarter of 2017 and the shopping center is scheduled to open in the fourth quarter of 2017.
The group also intends to extend Shopping City Galati, a 27,200 sqm GLA regional mall, located in Galati city.
NEPI is also completing the development of a 27,900 sqm GLA regional mall in Piatra Neamt, whose opening is scheduled for December 2016. Tenant leases for 90% of GLA have been signed, including international brands such as Carrefour, CCC, Cinema City, Deichmann, dm, H&M, Intersport, KFC, New Yorker, Pepco and Takko.
NEPI also plans to extend, reconfigure and refurbish Shopping City Sibiu, by the end of 2017. The mall is anchored by two hypermarkets, Carrefour and Auchan, and includes numerous international and national brands, such as Adidas, Altex, Benvenuti, BSB, C&A, CCC, Coccodrillo, Decathlon, Deichmann, Diverta, dm, Douglas, Flanco, H&M, Hervis, Humanic, Kendra, Kenvelo, KFC, Lee Cooper, Marionnaud, New Yorker, Noriel, Orsay, Pepco, Salamander, Takko, Yves Rocher, and a wide selection of furniture and DIY stores including Jysk, Lems, Leroy Merlin, Mobexpert, Nobila Casa and Rovere Mobili. The extension will add approximately 11,000 sqm GLA, including a cinema, food court and international fashion brands.