ARTICLES LABELLED WITH TAG NEPI Rockcastle

The EBRD is supporting capital market development in Romania with a €50 million investment in the second benchmark-sized €500 million corporate bond issued by NE Property B.V.

Dedeman has signed a contract for the purchase of The Office in Cluj-Napoca. The sellers are developers NEPI Rockcastle and Ovidiu Sandor. The purchase price has not been disclosed, but it is estimated to be around €100 million.

CBRE has taken over the management of the NEPI Rockcastle office portfolio in Bucharest, totalling 70,580 square meters. This is the first time when NEPI Rockcastle outsources the management of the properties. CBRE Romania now manages 770,000 sqm of offices and retail assets.

After an investment of €40 million, NEPI Rockcastle opened Shopping City Satu Mare, which hosts 85 stores, including the first Carrefour hypermarket in the city.

NEPI Rockcastle announced that it will open Shopping City Satu Mare, its 18th shopping centre in Romania, on 6 December. The two-storey shopping centre will offer 29,000 sqm of leasable space, following an investment of over €40 million.

NEPI Rockcastle announced the acquisition of 100% of Mammut 2 and 81% of Mammut 1, which jointly form the Mammut shopping centre in Budapest. The aggregate net purchase price for the acquisition was €254 million, according to the company's statement.

Ploiesti Shopping City, developed by Carrefour Property Romania and NEPI Rockcastle, has announced an investment of €1 million in remodelling its food court area.

NEPI Rockcastle announced that, through its subsidiary NRP Shopping Centre Project Two s.r.o., it has signed a binding agreement to acquire 100% of the shares in MLYNY, a.s., being the owner of Galeria Mlyny shopping centre in the city of Nitra in Slovakia from a group of local investors. The aggregate purchase price for Galeria Mlyny was €121.8 million.

NEPI Rockcastle, through its subsidiaries, has acquired Aura shopping centre in Olsztyn, Poland for €64.9 million and Ozas shopping centre in Vilnius, Lithuania for €124.6 million.

NEPI Rockcastle is investing €3.5 million in refurbishing the food court and entertainment area in Bucharest's Mega Mall shopping centre. The project, designed by Corvin Cristian Studio, targets an area of 10,000 square meters.