NEPI Rockcastle plans to develop residential projects around the shopping centres it owns in Romania. The company will develop apartment buildings in five cities: Brașov, Bucharest (around Mega Mall and Vulcan), Râmnicu Vâlcea, Satu Mare, and Timișoara.
The budget for the projects to be developed in Romania is estimated at €83 million. Completion of the projects is expected to take place in 2-4 years.
“Developing residential projects around our shopping malls is a natural step that addresses the needs of young active communities that value their time as the most valuable commodity. By combining the malls in our portfolio with new residential properties we are going to create vivid spaces where people can meet, relax, shop and discover unique experiences close to their homes,” commented Andrei Radu, Development Director of NEPI Rockcastle.
