NEPI Rockcastle is refining its structure, strengthening its growth engines and exploring opportunities beyond its core CEE markets, while maintaining a strong focus on asset quality and active management. In an exclusive interview with Property Forum, we talk to incoming CEO Marek Noetzel and incoming CIO Anca Nacu as they officially step intro their new roles today.
You are both stepping into new roles within the company. What are your key priorities going to be?
Marek Noetzel: The first priority is to align the team and make adjustments at the executive level, so the organisation reflects our ambitions. At the same time, I want to engage with investors early on. We had meetings shortly after my appointment, and the feedback was very supportive. The succession was seen as natural, and the market reacted well to the fact that leadership changes were coming from within the company.
Looking ahead, the focus remains on growth. We continue to rely on our four engines, strategic pillars for growth. The first is extracting value from the existing portfolio through reinvestment, extensions, refurbishments and active asset management. The second is M&A, where Anca plays a key role. The third is development, although this will naturally be more limited over time as large-scale opportunities are finite. The fourth is new sources of income, with energy being the most important.
We have a strong development pipeline, over €840 million, with projects like Promenada Bucharest and others in the queue. At the same time, we are starting to think more broadly about future growth. Given our size, it is increasingly difficult to grow purely through acquiring high-quality assets within our current region. Over time, we will need to look beyond our comfort zone.
