This is NEPI’s 18th shopping center in Romania and has a lettable area of nearly 29,000 square meters on two levels. The shopping center’s anchor is French retailer Carrefour, with a EUR2 billion turnover in Romania in 2017, which leased a 7,500-square meter space.
The mall was built on the site of former furniture factory Sarmex, which went bankrupt. The total price of the plot of land in Satu Mare was EUR8.8 million, according to data provided by NEPI, and its takeover took one and a half year.
The shopping center has 85 retail spaces, with Altex, Banca Transilvania, Carrefour, CCC, Deichmann, LC Waikiki, Office Shoes, Noriel, Pepco, Sensiblu and Yves Rocher being among the brands which opened stores within the shopping mall.
NEPI Rockcastle also has a shopping center in Targu-Mures under construction. The investment amounts to EUR50 million and is due for delivery in the last quarter of 2019.
NEPI Rockcastle’s portfolio includes several shopping malls, among which Mega Mall, Promenada Mall, Shopping City Timisoara, City Park Constanta, Ploiesti Shopping City, Shopping City Targu-Jiu, Shopping City Deva. NEPI also owns office buildings Floreasca Business Park, The LakeView, Aviatorilor 8 in Bucharest, City Business Centre in Timisoara and The Office in Cluj.