NEPI Rockcastle buys solar project in Western Romania

Business Forum

26 November, 2024 at 10:48 AM

Property group NEPI Rockcastle has purchased a photovoltaic project in Arad County, Western Romania and plans to start its construction in early 2025.

The project with a planned capacity of 50MW has been part of the portfolio of local renewable energy group Monsson since 2022. This year, the project secured the construction permit as well as the power grid connection agreement.

Andrei Radu, Group Development Director of NEPI Rockcastle, said the group is analyzing a second location for a new photovoltaic project with a planned capacity of up to 100MW.

Sebastian Enache, Monsoon's Board Member, added that large energy consumers are starting to investment in renewable projects to streamline their operations and this trend is set to continue.

NEPI Rockcastle has developed solar plants with a combined capacity of 38MW in its Romanian retail projects and plans to extend this initiative in its international projects as well.

The group's revenue in the photovoltaic segment totaled €7.3 million in the first nine months of 2024.

Property investments in Romania soar to €655 million over nine months

Romania's property investment market reached close to €655 million in the first nine months of 2024, up by 169% compared to the same period of last year, according to an iO Partners report.

Real estate

Meta Estate Trust invests in land plot in central Bucharest

Meta Estate Trust has invested in a plot of land near Victoriei Square in central Bucharest, where it plans to develop a building that will be leased to a chain of private medical clinics.

Real estate

Investors are wary but looking for opportunities in 2025

Investors are still on hold today. As Property Forum's recent survey showed, two-thirds of investors are expected to continue to take a ‘wait and see' stance and look for a better vision of the future in the coming period. But, as the speakers of the investor expectations panel of SEE Property Forum 2024 showed, there are opportunities available all over CEE, including Romania.

Real estate

Hungarian investor reported to be in talks for office purchase in Bucharest

Hungarian investor Gránit Asset Management, with HUF 1,100 billion of assets under management, is reported to be nearing a deal for the purchase of the Equilibrium 1 building in northern Bucharest from Skanska, Romanian media reports.

Real estate

Romania Investment Sentiment Survey: Results published

Property Forum is excited to announce the results of its second annual investment market sentiment survey focusing on the Romanian market which was conducted ahead of SEE Property Forum 2024. The results, providing an overview of market expectations across sectors, are now available online.

Real estate

Win an SEE Property Forum ticket by participating in our survey!

Join Property Forum's exclusive investment survey to voice your thoughts on the most pressing issues concerning the Romanian market. From inflation concerns to market expectations, your input will contribute to identifying trends, guiding decisions and shaping the course of Romania's investment journey. By sharing your perspectives, you not only contribute to shaping the future of the industry but also stand a chance to secure a free ticket to the highly anticipated SEE Property Forum & Awards Gala 2024 event.

Real estate

Cityring Property explores new resi investment in Bucharest

Romanian developer Cityring Property is exploring a new residential development on a land plot of 6.5 hectares in northern Bucharest close to Atria Urban Resort, where it launched the last development phase.