NEPI opens EUR 84 mln mall in Timisoara

Newsroom 31/03/2016 | 16:13

Real estate investment fund New Europe Property Investments (NEPI) opened this Thursday its 70,000 (sqm) mall in Timisoara, western Romania.  Shopping City Timisoara required an investment of EUR 83.8 million, according to company data. Its first development phase which consists of a Carrefour hypermarket and Media Galaxy store opened last November.

The project is built on an 18 ha plot of land and it features tenants such as Zara, LC Waikiki, Reserved, Sinsay, Suvari, Escudo, Adidas, Benvenuti, Bershka, C&A, CCC, Colin’s, Deichmann, H&M, Hervis, Intersport, Kenvelo, Koton, Levi’s, New Yorker, Noriel, Office Shoes, Pull&Bear, Sport Vision, Stradivarius, Tezyo, Tom Taylor Sephora, Douglas and Kendra. It also comes a food court and entertainment area with a 13-screen Cinema City multiplex which will open on April 15.

Shopping City Timisoara is one of several malls and mall extensions announced in the western Romanian city.

NEPI had a portfolio of 34 retail and office properties at the end of 2015 with an estimated fair value of EUR 1.8 million, according to company data. Most of the properties are located in Romania. Other shopping malls it owns locally include Mega Mall, Promenada Mall, Vulcan Value Centre and Iris Titan Shopping Center in Bucharest, Ploiesti Shopping City, City Park in Constanta and several other similar projects in other regional cities.

Simona Bazavan

BR Magazine | Latest Issue

Download PDF: Business Review Magazine April 2024 Issue

The April 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Caring for People and for the Planet”. To download the magazine in
Newsroom | 12/04/2024 | 17:28
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue