NEPI Rockcastle reached total investments of 2 billion Euro in Romania

NEPI Rockcastle, one of the largest investors and developers of shopping centers in Central and Eastern Europe, has invested over 2 billion Euro in the first 14 years of activity in Romania, in urban real estate projects. The group has generated revenues of over 100 million Euro in Romania’s central budget and over 50 million Euro in local budgets in the last five years alone.

In Romania, the company has 230 employees and generates, through its investments, another 30,000 jobs in the local economy.

Over 1,000 small, medium and large traders operate in the shopping centers in the NEPI Rockcastle portfolio; local, regional and international, operating over 3,000 stores, with a total annual turnover of more than 1 billion Euro.

“At the time of this review, I want to thank all those who were involved and contributed to the success of the company: our employees, for their professionalism and dedication, tenants – the most important and close partners, communities and visitors of our commercial centers, and investors for their trust and, last but not least, to the authorities for supporting the Romanian private environment,” said Alex Morar, the company’s CEO.

For 2021, NEPI Rockcastle estimates investments of 140 million Euro for development and capital expenditures related to ongoing projects, as well as other opportunities depending on market developments.

The modernization of shopping centers and the development of residential projects remain priority activities in the group’s strategy.