NEPI Rockcastle concludes expansion of Shopping City Ploiești

Business Forum

25 September, 2024 at 12:35 PM

NEPI Rockcastle has completed the expansion works for the Shopping City Ploiești project.

The shopping centre was expanded by a leasable area of 7,400 sqm, which is occupied by 26 new stores. In addition, the parking lot has been increased by 500 spots. Following the expansion, the centre's leasable area has reached 54,200 sqm.

Representatives of NEPI Rockcastle said that the project has attracted new brands that made their entry in Ploiești. Inditex brand Lefties and Bookcity are some of the new tenants in the project.

NEPI Rockcastle's property had a value of €6.9 billion in mid-June 2024, of which Romania accounted for 38%. Locally, the group is the biggest owner of shopping centres.

Nepi Rockcastle posts net operating income hike of 11% in 2025

NEPI Rockcastle, the largest owner of shopping centres in CEE, said its net operating income rose 11.2% year-on-year to a record €618 million in 2025, while the distributable earnings increased 6.7% to €441 million.

Real estate

NEPI Rockcastle expects strong retail growth and plans further expansion in 2026

In a video interview recorded at CEE Property Forum 2025 in Vienna, Marek Noetzel, COO of NEPI Rockcastle and incoming CEO from April 2026, shares his outlook on retail trade across the region, the company's growth strategy and his priorities for the next phase of leadership.

Real estate

Romania's retail stock second largest in CEE despite low density

Retail developers continue to accelerate expansion plans across Romania, with projects totalling more than 750,000 sqm currently in construction and planning stages for delivery until 2029, according to a report by Cushman & Wakefield Echinox.

Real estate

Nepi Rockcastle names Marius Barbu as new COO

Nepi Rockcastle has appointed Marius Barbu as COO, effective from April 2026, to succeed Marek Noetzel, current COO and CEO-designate. He has also been nominated as a Board Director and will stand for election at the next AGM in May 2026.

Real estate

AFI secures €537 million refinancing for Romanian projects

AFI has secured a €537 million refinancing package for three projects in its portfolio: AFI Cotroceni, AFI Brașov, and AFI Ploiești. This represents the largest real estate refinancing transaction in Romania, reinforcing AFI's commitment to the growth and development of its projects in the country.

Real estate

NEPI Rockcastle names COO Marek Noetzel as new CEO

Nepi Rockcastle has appointed Marek Noetzel as its new Chief Executive Officer, effective 1 April 2026. Noetzel, who has served as the company's COO since June 2022, will succeed current CEO Rüdiger Dany.

Real estate

Nepi Rockcastle opens its first solar park in Romania

Nepi Rockcastle has inaugurated its first photovoltaic park in Chișineu-Criș, Arad County, Romania, marking a milestone in the shopping centre developer's sustainability efforts.