NEPI Rockcastle concludes expansion of Shopping City Ploiești

Business Forum
NEPI Rockcastle has completed the expansion works for the Shopping City Ploiești project. 

The shopping centre was expanded by a leasable area of 7,400 sqm, which is occupied by 26 new stores. In addition, the parking lot has been increased by 500 spots. Following the expansion, the centre's leasable area has reached 54,200 sqm. 

Representatives of NEPI Rockcastle said that the project has attracted new brands that made their entry in Ploiești. Inditex brand Lefties and Bookcity are some of the new tenants in the project. 

NEPI Rockcastle's property had a value of €6.9 billion in mid-June 2024, of which Romania accounted for 38%. Locally, the group is the biggest owner of shopping centres. 

RECOMMENDED
M Core fully purchases MAS strip malls in Romania
Real estate

M Core fully purchases MAS strip malls in Romania

M Core Group has purchased seven strip malls in Romania from property investor MAS for an undisclosed sum. The projects with a combined leasable area of around 32,000 sqm have a full occupancy rate. The strip malls are based in Slobozia, Focșani, Râmnicu Sărat, Târgu Secuiesc, Sebeș, Făgăraș and Gheorgheni.

Retail deliveries in Romania fall 15% in 2024
Real estate

Retail deliveries in Romania fall 15% in 2024

New retail projects with a combined leasable area of around 180,000 sqm were completed in Romania during 2024, down by around 15% versus 2023, with retail parks accounting for the biggest share of deliveries, according to Cushman & Wakefield Echinox. 

M Core buys Shopping City Suceava
Real estate

M Core buys Shopping City Suceava

M Core, the biggest owner of retail parks in Romania, has purchased Shopping City Suceava from Argo Capital, for an undisclosed sum.

Ahold Delhaize completes Profi acquisition in Romania
Real estate

Ahold Delhaize completes Profi acquisition in Romania

Ahold Delhaize has completed the acquisition of Romanian food retailer Profi Rom Food SRL (Profi) from MidEuropa for approximately €1.3 billion, the Belgian retailer announced in a press release. 

RECOMMENDED FROM THE HOME PAGE
READ MORE
Business Forum  |  21 February, 2025 at 1:28 PM