The new company is expected to become the largest CEE retail real estate company, and one of the top retail real estate companies in Europe, NEPI said in a statement Wednesday.
On the retail segment, NEPI’s projects on the Romanian market include Mega Mall, Promenada Mall, Iris Titan Shopping Center, Vulcan Value Centre in Bucharest, as well as other projects in the country: City Park in Constanta, Shopping City Deva, Braila Mall, Vulcan Value Centre, Shopping City Galati, Pitesti Retail Park, Ploiesti Shopping City, Shopping City Targu Jiu, Shopping City Timisoara, Severin Shopping Center, Aurora Shopping Mall in Buzau.
NEPI’s office projects include Floreasca Business Park, City Business Centre, The Lakeview and The Office – with its two development stages. On the industrial segment, NEPI boasts Rasnov Industrial Facility and Otopeni Warehouse.
Nepi is listed on Johannesburg Stock Exchange and Bucharest Stock Exchange.
NEPI is a commercial property investor and developer that owns, develops and manages dominant retail assets and A-grade offices in Central and Eastern Europe. Rockcastle is a commercial property investor and developer that owns, develops and manages dominant retail assets in the CEE region and invests in global real estate listed securities.
The market capitalization of NEPI is approximately EUR3.4 billion and that of Rockcastle – EUR2.2 billion.
NEPI owns and operates 34 income producing properties, with 6 developments under construction (of which 4 are extensions of existing properties) and 7 developments under permitting and pre-leasing (of which 4 are extensions of existing properties).
NEPI’s total investment property portfolio is valued at approximately EUR2.2 billion.