After a year in the red, the company returned to profit, RON5.4 million. The mall in northern Bucharest is operated by Promenada Mall Bucuresti, previously known as Floreasca City Center.
NEPI Rockcastle bought Promenada Mall from Raiffeisen Evolution in a EUR148 milion deal in 2014. The shopping center opened in 2013 and is located in an area that has seen significant office space development in the last few years. Promenada Mall has an area of 39,400 square meters and 180 tenants, with a catchment area of 177,000 people. The biggest tenants include Altex, Carrefour, Hervis, H&M, Starbucks, and Zara.
NEPI Rockcastle has other malls in Romania, such as Mega Mall in Bucharest and Shopping City Sibiu, Promenada Sibiu, Vulcan Value Centre in Bucharest, Iris Titan Shopping Center in Bucharest, Shopping City Timisoara, City Park Constanta, Ploiesti Shopping City, Braila Mall, Shopping City Galati, Targu-Jiu, Severin, Deva, Piatra Neamt, Ramnicu Valcea, Satu Mare, Braila Mall, Aurora Buzau.
(English version by Loredana Fratila-Cristescu)