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NEPI Rockcastle invests 3.2 mln euro in Mega Mall Bucharest

NEPI Rockcastle invests 3.2 mln euro in Mega Mall Bucharest NEPI Rockcastle invests 3.2 mln euro in Mega Mall Bucharest

BUCHAREST (Romania), November 11 (SeeNews) - NEPI Rockcastle, a property investment and development group incorporated in the Isle of Man, said on Monday it has revamped the food court in Mega Mall Bucharest following an investment of 3.2 million euro ($3.53 million).

The 10,000 sq m surface has been completely renovated and organized as an indoor mini-city, NEPI said in a press release.

"For the modern customer, the mall is more than just a shopping space - it has become a part of the community, and this role also entails the responsibility of creating spaces that create pleasant atmosphere suitable for meetings and relaxation, along with loved ones. We will continue to invest in solutions that offer our customers the best shopping and leisure options," Mega Mall manager Alexandru Suiu said.

Mega Mall is one of the most modern shopping centres in Bucharest opened after an investment of 165 millions of euro in 2015.

The center covers an area of 220,000 sq m.

In October, NEPI said it will inaugurate a shopping center in Romania's Sibiu on November 14 following an investment of 100 million euro. 

Also in October, NEPI announced it plans to develop residential projects in five cities in Romania - an investment estimated at a total of 83 million euro. The residential projects will be developed around shopping malls in Brasov, Bucharest, Ramnicu Valcea, Satu Mare and Timisoara.

NEPI Rockcastle, listed on the Johannesburg Stock Exchange and Euronext Amsterdam, is focused on acquiring, developing and managing retail assets in Central and Eastern Europe. Its property portfolio is focused in Romania, Poland and Slovakia. The group has strong presence in Croatia, Bulgaria, Hungary, the Czech Republic, Serbia and Lithuania.

($= 0.9063 euro)