Nepi Rockcastle raises €500 million from green bond sale

Business Forum

30 September, 2025 at 8:34 AM

Nepi Rockcastle successfully issued a €500 million green bond that was eightfold oversubscribed, with an orderbook exceeding €4 billion from over 200 international investors.

"We are proud to announce the successful issuance of a new €500 million green bond and are grateful to our investors for their support, which drives our vision forward. This demand emphasizes Nepi Rockcastle's financial position and commitment to sustainable growth," said Eliza Predoiu, CFO of Nepi Rockcastle.

The capital was raised through an eight-year unsecured green Eurobond, maturing in September 2033, with a 3.875% fixed coupon. Net proceeds will finance or refinance green projects under the company's Green Finance Framework.

The transaction was managed by Joint Lead Managers Citi Bank, Deutsche Bank, Erste Group, HSBC and ING, with legal counsel from Clifford Chance and Linklaters.

Romania's average property deal under €60 million in 2025

Romania's commercial real estate investment market recorded approximately €500 million in 2025, down 31% from the previous year, due to the absence of large transactions.

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.

Real estate

CEE-based incentives boosting appeal of offices

Investment incentives across CEE are proving to be a major draw for Research and Development (R&D) and Business Services Sector (BSS) projects, with support reaching up to 70% of qualified costs, according to Colliers' report.

Real estate

Bucharest office fit-out costs remain among lowest in CEE

Bucharest has seen a 12% increase in average office fit-out costs in 2024, surpassing €1,000 per sqm, but this level is still among the lowest in capital cities across CEE, according to Cushman & Wakefield Echinox research.

Finance

IFC announces landmark investment for infrastructure sustainability in CEE

In addition to the IFC's contribution, the AIIB (Asian Infrastructure Investment Bank) will invest an equivalent amount, bringing the total value of the bond issue to €200 million.

Real estate

Western European companies lead property investments in Romania

Western European investors have been the most active buyers of real estate assets in Romania over the past five years, making placements of €1.75 billion, according to data from Cushman & Wakefield Echinox.

Real estate

Return to office mandates to boost demand for new spaces

Vlad Săftoiu, Head of Research Cushman & Wakefield Echinox, talked to Property Forum about the demand trends in the Romanian office market and the outlook for industrial and retail investments in 2025.