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New Development Speed Record: First Mall in Galaţi, to Open in 6 Months since Beginning of Works

South-Africa’s group NEPI, which has bought last year in Galati a plot of 12.7 ha, started in May the construction works for Galaţi Shopping City, with a rentable area of 27,000 sq. m and after only 6 months will open the commercial centre with retailers such as Carrefour, New Yorker, Altex, Intersport or KFC.

National Bank of Greece nears deal to sell property unit

National Bank of Greece, the owner of Banca Romaneasca, is close to clinching a deal to sell a majority stake in its fully-owned real estate arm Pangaia to private equity firm Invel Real Estate, two bankers close to the deal told Reuters on Sunday.

Romania tops EU economic growth in Q3

The GDP was up 2.7 percent from the similar period of 2012. The increase of the industrial output, exports and the absorption of European funds were the main triggers, Victor Ponta says.

50 New Retailers from France, Spain, Italy, Germany and Turkey to enter Romanian Market

Romania’s retail market becomes more attractive for investors, as the global capital increases its penetration in CEE; 50 new retailers from France, Spain, Italy, Germany and Turkey currently analyzing the local market, Colliers says.

80 pct. Profit Increase for NEPI’s Shareholders

South-Africa’s investment fund New Europe Property Investments (NEPI) registered in the first nine months EUR 35.9 million profit for its shareholders, with 80% increase compared to the profit registered in the similar period of last year, EUR 19.9 million.

Tagor plans Bucharest estate

Tagor is planning to build 12 apartment blocks near Şoseaua Alexandriei in the southwest of Bucharest.

GTC sells off malls

Globe Trade Centre has entered into an agreement to sell three shopping centres in Buzău, Piatra Neamț and Suceava, which have been valued at between EUR 6-7 mln.

Ploiesti Shopping City generates EUR 25 million sales in first year

Ploiesti Shopping City, the mall developed by Carrefour Property and New Europe Property Investments (NEPI) near Ploiesti, has attracted some 5 million visitors and has generated over EUR 25 million in sales in the first year after the opening, according to the company.

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