“The modernization of shopping malls and the development of some residential projects remain a priority for the group’s strategy”, according to NEPI representatives.
NEPI has invested over EUR2 million in urban real estate projects over the last 14 years of activity in Romania. In the last five years, the Group generated revenue of over EUR100 million to Romania’s consolidated budget and over EUR50 million to local budgets.
In Romania, the company has 230 employees and generates, through its investments, 30,000 other jobs.
Currently, the company has EUR1 billion worth of liquidity, being remarkably positions for new investments in Romania and other markets. However, the future investments in Romania and their size will be impacted by the legislative framework and the observance of EU accession treaties.
For the next ten years, the company targets huge investments in projects aimed at reducing the carbon footprint, such as renewable energy, higher energy efficiency levels and carbon offset.
NEPI Rockcastle Group has an outstanding portfolio of properties with key position in Romania, Poland, Slovakia, Croatia, Bulgaria, Hungary, the Czech Republic, Serbia and Lithuania, and continues its development through a regional expansion program.
In Romania, NEPI has 20 shopping centers and seven strip malls located in Romania’s main cities, among which capital Bucharest (Mega Mall, Promenada Mall), Sibiu (Shopping City Sibiu, Promenada Sibiu), Timisoara (Shopping City Timisoara), Constanta (City Park Mall Constanta), Shopping City Targu Mures and Ploiesti (Ploiesti Shopping City).