Developer New Europe Property Investments (NEPI) announced the start of construction works for its latest 33,000 sqm project, Shopping City Piatra Neamt.
The project, built on a plot of 7 hectares, will have a gross leasable area of 28,000 sqm when fnished. For the project’s smooth integration into the community of Piatra Neamt, the developer is considering the construction of two roundabouts, which will ease traffic congestion in the area.
The shopping center, which will be opened by the end of the year, has already attracted a large number of famous brands, reaching an 80 percent occupancy level one week after its official launch. Among the names that will be present in the mall are C&A, CCC, Pepco, Intersport, Benvenuti, Kendra, Orsay, Sensiblu and Zoo Center. Shopping City Piatra Neamt will also host a Cinema City multiplex with six halls.
With the inauguration of the shopping center will come the first Carrefour hypermarket in the region. With some 250 employees, Carrefour is set to become one of the largest employers in the city. The hypermarket will span about 7,500 sqm.
Investment fund NEPI is listed on the Johannesburg, London and Bucharest Stock Exchange markets. NEPI owns other shopping centers across Romania (Mega Mall, Mall Promenada, Vulcan Value Center, CityPark Constanta, Shopping City Timisoara, Ploiesti Shopping City, Galati Shopping City, Shopping City Targu-Jiu, Severin Shopping Center) and Serbia and Slovakia, but also office buildings (Floreasca Business Park, The LakeView, Aviatorilor 8 in Bucharest, City Business Centre in Timisoara and The Office in Cluj).