NEPI said its current assets exceed EUR100 million and it is planning new acquisitions, considering that its investments so far had targeted only land plots. It also said it plans to invest this year in Romania in a major project consisting of retail spaces or office buildings.
NEPI has recently recruited Lori Collin from real estate consultancy firm Jones Lang LaSalle to coordinate the strategy for the expansion of its office building portfolio through further acquisition and realty development projects.
New Europe Property Investments was founded by a group of companies to invest in office buildings, shopping centers and industrial property, mainly in Romania where it has been operating since 2007, the year of its inception.
NEPI’s recent investments in Romania include the Victoria Office, a land plot of 4,400 sqm in Bucharest’s Victoriei Square, with the intention to build an office complex, and the City Business Center in Timisoara. Also, NEPI and Romanian businessman Ovidiu Sandor are set to develop a 52,000 square meter office complex in Cluj-Napoca.
NEPI is listed on the Bucharest Stock Exchange, the Johannesburg Stock Exchange and the London Stock Exchange.