This was mainly because of the two large acquisitions in Poland in the second half of 2024, as well as of several active asset management initiatives on existing portfolio.
NEPI Rockcastle announced lease terms were signed or agreed for 68% of the additional retail gross lettable area of Promenada Bucharest, which is scheduled to open in the first quarter of 2027.
Additionally, permitting is ongoing for the development of Galati Retail Park, a mixed-use scheme in Galati, Romania. The expected date for obtaining the building permit is in the third quarter of 2025, and the anticipated opening date is in the fourth quarter of 2026.
(English versionn by Loredana Fratila-Cristescu)