ARTICLES LABELLED WITH TAG NEPI

News NEPI to acquire Sofia assets for €207 million
13
Jun
2017

NEPI to acquire Sofia assets for €207 million

by Ákos Budai
Through its subsidiary NEPI has concluded agreements to acquire the Serdika Center and Serdika Office buildings in Sofia, Bulgaria for €207.4 million.
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News NEPI builds new malls in Romania and Serbia
18
May
2017

NEPI builds new malls in Romania and Serbia

by Ákos Budai
According to a summary of Q1 2017 results, NEPI made progress with planning and permitting for several developments and extensions, including those in Galati, Novi Sad and Ramnicu Valcea. Further to the receipt of certain approvals, Victoriei Office in Bucharest is expected to receive permitting for the internal fit-out during the next quarter, enabling tenants to start operations in the fourth quarter of 2017. Zoning and permitting for the Promenada Mall extension continue to experience delays. 
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News NEPI to invest €40 million in Satu Mare mall
12
Apr
2017

NEPI to invest €40 million in Satu Mare mall

by Ákos Budai
NEPI is planning to invest €40 million on the development of a new shopping centre in the Romanian city of Satu Mare. 
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News NEPI and Rockcastle announce merger
15
Dec
2016

NEPI and Rockcastle announce merger

by Ákos Budai
NEPI and Rockcastle have announced that the two companies will effectively be merged in a new entity, NEPI Rockcastle, to be implemented with reference to an effective share swap ratio of 4.5 existing Rockcastle shares for every 1 existing NEPI share. Alexandru Morar and Spiro Noussis, the current chief executive officers of NEPI and Rockcastle, respectively, will be appointed joint chief executive officers of NEPI Rockcastle, with Dan Pascariu appointed as independent non-executive chairman. The merged entity is expected to become the largest listed real estate player in CEE.
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News NEPI acquires Arena Centar in Zagreb
07
Nov
2016

NEPI acquires Arena Centar in Zagreb

by Ákos Budai
On 4 November 2016, NEPI, through its subsidiary NE Property Cooperatief UA, concluded an agreement to acquire all the issued shares in, and shareholders’ claims against, Granit Polus Laniste d.o.o. from Lobularia Ventures Limited and repay Laniste’s entire outstanding debt. Laniste wholly owns a shopping mall of 62,100 sqm of GLA situated in Zagreb, Croatia, that opened in November 2010, named Arena Centar and adjacent additional land plots of approximately 4.4 ha. The aggregate purchase price for the transaction is €237.5 million and was settled from NEPI’s existing cash resources.
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News HB Reavis CEREIF fund sells retail park to NEPI
13
Oct
2016

HB Reavis CEREIF fund sells retail park to NEPI

by Ákos Budai
HB Reavis’ Central Europe Real Estate Fund (CEREIF) has sold its retail asset, Aupark Piestany in Slovakia, to New Europe Property Investments (NEPI) for €39.5 million. The shopping centre, totalling 10,000 sqm of GLA and 380 parking spaces, is home to brands such as CCC Shoes, Mango, Orsay and 
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News Czech investment market closes strong quarters
14
Jul
2016

Czech investment market closes strong quarters

by Ákos Budai
“Total commercial real estate investment in the Czech Republic recorded €490m in Q2 2016 contributing to an H1 2016 total of €950 million, a 26% reduction on the same period of last year. However, it should be noted that the considerable difference is due to the Palladium shopping centre transaction in H1 2015. When excluded, H1 2016 was 34% up on H1 2015,” says Jiri Horak, investment analyst at JLL.     
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News NEPI invests in Romania and Serbia
29
Jun
2016

NEPI invests in Romania and Serbia

by Ákos Budai
New Europe Property Investments (NEPI) has closed several transactions in Southeastern Europe. The Group has concluded an agreement to acquire a shopping centre in Sibiu, Romania, a minority interest in Mega Mall Bucharest, Romania and a land plot in Novi Sad, Serbia.
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Latest news


New leases

  • Confectionery Batida has joined the tenants of the LIXA City Gardens retail concept that is being arranged in the LIXA office complex near the Daszyński Roundabout in Warsaw.
  • Vileda expanded its office located in MyHive IO-1 in Warsaw, owned by CPI Property Group, to 712 sqm. Przemysław Urbański from Avison Young Poland supported Vileda in the negotiation process.
  • The LUX MED Group extended a 2,200 sqm lease agreement in the O3 Business Campus in Kraków managed by EPP

New appointments

  • Axi Immo is developing its Capital Markets Department. As of November 2023, Jakub Grabara was appointed as Associate Director in the Capital Markets Department. He will be responsible for transactional services, i.e., acquiring, purchasing, and selling commercial real estate.
  • Romanian developer ARQA has named Alexandru Rădulescu as Chief Sales Officer. During his career, he has overseen the sale of 17 residential and mixed-use projects.
  • Multi Corporation appoints Ola Zajac as New Business Ventures Manager. Ola will be looking for new business expansion strategies and venture capital investment opportunities across Europe and will be based out of Lisbon.

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