21:29 19 November 2024
NEPI Rockcastle intends to expand portfolio of shopping malls
NEPI Rockcastle, a leading investor in Central and Eastern Europe, plans to expand its shopping center portfolio. Backed by €300M from an October share issue, the fund seeks acquisitions in Poland, where the market is saturated, and construction opportunities in less-developed regions like Bulgaria. The company operates in eight CEE countries, managing 56 properties, 15 in Poland, accounting for 30% of its €7.5B portfolio.
The focus is shifting from building new malls to modernizing existing assets, enhancing tenant and customer experiences, and aligning with ESG standards. NEPI is also advancing renewable energy projects, aiming for 70% energy self-sufficiency. Despite competition from retail parks, shopping centers remain attractive for their potential to increase value.
(pb.pl)
