NEPI Rockcastle reports 30 per cent higher revenues in 2018

The revenues of real estate developer NEPI Rockcastle rose by 30 per cent last year, to 346 million Euro at the end of 2019.

Its total portfolio value soared by 20 per cent last year, to more than 5.9 billion Euro at the end of 2018. Properties in Romania, where NEPI is the biggest mall owner, account for 36 per cent of its entire portfolio.

The income rose mainly due to the 278,000 square meters increase in the total leased area, through acquisition and organic growth as well.

The geographical dispersion of the NEPI Rockcastle portfolio was at the end of 2018 the following: Romania 36 per cent, Poland 24 per cent, Hungary 10 per cent, Slovakia 9 per cent, Bulgaria 9 per cent, Croatia 4 per cent, Czech Republic 3 per cent, Serbia 3 per cent, Lithuania 2 per cent.

In 2018, NEPI Rockcastle completed the construction of Shopping City Satu Mare, with a leasable area of 29,200 sqm.