NEPI Rockcastle invests €30 million in Shopping City Galati

08
Nov
2017
News - NEPI Rockcastle invests €30 million in Shopping City Galati #Galati #mall #NEPI Rockcastle #renovation #retail #Romania #shopping

by Import Sys | Retail

NEPI Rockcastle has invested nearly €30 million in the expansion and modernisation of Shopping City Galati and the first brands that will appear following the expansion will be inaugurated on November 16. An additional 21,000 sqm was added to the 27,000 sqm shopping centre.

A number of new tenants are set to open stores on 16 November, including Hervis, Lee Cooper, Levi’s, Sephora, Douglas, Panhore, Kultho, MeliMelo Home, Pizza Hut, Starbucks and Cinema City, Pull & Bear, Bershka and Stradivarius.
 
The expansion and modernisation process targeted the construction of a new level for the entertainment zone, which includes a cinema, restaurants, coffee shops and an outdoor terrace.
 
NEPI Rockcastle’s development strategy, which was also applied for Shopping City Galati, is a mix between strategic partnerships with international brands and the development of the local economy, through the access offered to local brands.
 
Photo: nepinvest.com

Galati mall NEPI Rockcastle renovation retail Romania shopping


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New leases

  • UDH, one of Poland’s largest distributors of premium imported beers, has leased approximately 1,400 sq m of modern warehouse and office space at the Park Rysy Kraków distribution centre. The tenant, which has chosen to expand its operations in southern Poland, was once again represented by AXI IMMO.
  • Golden Star Estate has secured a long-term lease agreement with global technology solutions and consulting provider C&F for nearly 1,900 sqm of office space at the Konstruktorska Business Center. Following the transaction, the property, located in Warsaw’s Mokotów business district, is now almost fully leased. The Polish branch of C&F will officially relocate to the facility at the beginning of 2027.
  • Natland Group has committed to its long-term presence at Prague-based Rohan Business Center through a lease extension covering 2,004 sqm of office space, together with storage facilities and dedicated parking spaces, in a deal brokered by iO Partners.

New appointments

  • Indotek Group has announced the appointment of Diederik Bakker as Group Chief Investment Officer and Group Head of Asset Management. In his new role, the Dutch real estate investment professional will gradually assume responsibility for the company's ITAM (investment, transaction, and asset management) activities across 12 European countries, supporting the next phase of Indotek Group’s growth. His focus includes facilitating sound investment decisions across Europe and developing a group-level portfolio management strategy that combines local market knowledge with international asset management know-how.
  • Peakside Capital Advisors has appointed Bogi Gabrovic to advise the board and support its investment and acquisition activities in Poland. Gabrovic brings more than 25 years of CEE real estate experience to the role, having previously held senior executive positions at CTP, Golub & Company, and White Star Real Estate, where she managed transactions exceeding €2 billion.
  • Katarína Brydone, Jana Vlková and Vendula Maršová have been appointed as the first Equity Partners of Colliers’ Czech business. Brydone brings more than 20 years of experience in international real estate. Vlková has more than 25 years of experience in commercial real estate. Maršová, Partner and Head of Valuation and Advisory Services, brings more than 16 years of experience in real estate valuation and advisory.


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