NEPI expands its business in Romania

South African investment group NEPI inaugurated its first shopping center in Galati after six months from having the construction permit for the project and seeks to extend its portfolio in the near future.

Shopping City Galati, which has a gross leasable area of 27.000 m2 has been already fully occupied by tenants such as: Carrefour, CCC, C&A, Deichmann, DM, H&M, KFC or New Yorker, according to a company informing.

As the latest project developed in Bucharest – the construction of Mega Mall, started this October, NEPI looks now to proceed with two other projects that will significantly increase the leasable area it holds. So, as per the same informing, NEPI is going to start the construction of Targu Jiu Shopping City by the end of this year, this project having already got the required permit. In early 2014, the investment group aims to start the construction for Vulcan Value Centre in Bucharest, following the takeover of its former partner’s participation.

NEPI manages several real estate properties in Romania both from the retail sector – Promenada Mall Braila, Ploiesti Shopping City, Retail Park Auchan Ploiesti, Aupark Zilina, Deva Shopping Centre, Severin Shopping Center, and from the office building area – Floreasca Business Park, The Lakeview – in Bucharest and City Business Centre which is located in Timisoara.