#NEPInews: In an interview with Business Insider Polska, Marek Noetzel, Chief Operating Officer of NEPI Rockcastle, discussed the purchase of the Magnolia Park centre in Wrocław: "We acquired the Magnolia shopping centre in Wrocław for EUR 373 million. This is one of the largest transactions in the retail real estate market in Central and Eastern Europe in recent years. The investment aims to increase our portfolio concentration." 🌍 Regarding the company's expansion plans in Poland, he stated: "When it comes to future acquisitions, I always tell investors that each new purchase must be better than the average property in our portfolio—better in terms of quality, location, or market dominance. We certainly have the Silesia area on our radar, and we would like to establish presence in Poznań and Szczecin. Warsaw is definitely a priority for us. We haven't said our last word in the Tricity either. Additionally, there's Rzeszów, and we still see valuable acquisition opportunities in Kraków and Wrocław." 🚀 On further development plans in the CEE region, he added: "We maintain strong interest in Romania and Bulgaria, and we aim to strengthen our position in the Czech Republic." 📈 Noetzel highlighted the favorable market conditions supporting the investment climate: "Across all key parameters—spending per visit, vacancy levels—we are performing better than in 2019, which was our best year before the pandemic. Comparing the first half of this year to the first half of 2023, we've seen higher visitation rates and an 8 percent increase in basket value." 🛍️ When asked whether shopping centres remain relevant, he countered the experts who predicted their demise: "In reality, all commerce is one big ecosystem. When I'm on the tram, I want to browse offerings on my phone. If I see something I like, I still want to go to the mall or retail park to purchase it. If the item isn't available there, I want to order it via an app or directly from the shop, with either home delivery or in-store pickup. And if I'm not satisfied with the item, I want an equally convenient return process. It all comes down to customer convenience, because customers are the ones who rule." Read the full interview here: https://lnkd.in/ehFsFg_e #NEPIRockcastle #Poland #MagnoliaPark #investment #development #commercialrealestate
NEPI Rockcastle
Leasing Non-residential Real Estate
Bucharest, Bucharest 12,505 followers
NEPI Rockcastle, premier owner and operator of shopping centers in Central & Eastern Europe, present in eight countries
About us
About NEPI Rockcastle NEPI Rockcastle is Europe’s third-largest listed retail real estate company by investment portfolio value and the largest owner, operator and developer of shopping centres in Central and Eastern Europe (CEE). The company’s over €7 bn portfolio is located across eight CEE countries. It is a market leader in Romania and Poland (NEPI Rockcastle’s two largest markets) as well as having shopping centres in Bulgaria, Hungary, Slovakia, Croatia, The Czech Republic and Lithuania. The Group benefits from a highly skilled internal management team which combines asset management, development, investment, leasing and financial expertise. Geographically diverse management skills allow NEPI Rockcastle to pursue CEE property opportunities efficiently, benefiting from a strategic advantage in the acquisition, development and management of properties. NEPI Rockcastle owns and operates 56 retail properties which attracted more than 337 million visits in 2023 (295 million visits in 2022). With group-level management of tenant relationships and a focus on cross-country collaboration, the Group is the leading strategic partner for major retailers targeting CEE countries. NEPI Rockcastle’s growth is being propelled through a €817 million development program, accompanied by accretive acquisitions, with the company completing the €373 million acquisition Magnolia Park Shopping Centre in Wroclaw, Poland in September 2024. NEPI Rockcastle benefits from two key strategic advantages – its unique portfolio of retail space across the CEE assembled over the past 15 years and its team of over 600 employees, who bring unparalleled expert local knowledge in retail property. The company is also a member of the European Council of Shopping Places (ECSP) and the U.S. Green Building Council (USGBC) and the European Public Real Estate Association (EPRA). More details here: www.nepirockcastle.com
- Website
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External link for NEPI Rockcastle
- Industry
- Leasing Non-residential Real Estate
- Company size
- 201-500 employees
- Headquarters
- Bucharest, Bucharest
- Type
- Public Company
- Specialties
- investment, retail, and office
Locations
Employees at NEPI Rockcastle
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Jeanine Holscher
CEO | Board member | Non Executive director | Coach
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Jonathan Lurie
Real Estate Private Equity and PropTech VC. Senior Adviser at McKinsey & Co, Founder at Realty Corporation Ltd, Board Member NEPI Rockcastle and…
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Adrian Boca
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Radu Tiu
Head of Administrative Services and Facility Management Department
Updates
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📢 NEPI Rockcastle’s Group Internal Audit Director, Olga Morosanu shared her insights at the Ziarul Financiar - AmCham Romania conference "Corporate governance in action - strategic advantage" in Bucharest, Romania 🇷🇴 Last Friday, during the panel discussion, Olga Morosanu dived into the evolution of corporate governance and internal audit's strategic role, and highlighted the following: 💡 Corporate governance isn't just a framework – it's a dynamic ecosystem where Internal Audit also plays its a crucial role in maintaining organizational integrity and driving sustainable growth. 💡 The 'three lines of defense' model remains a cornerstone of effective risk management, providing clear accountability and enhanced organizational resilience. 💡 Today's internal auditors must be strategic partners, bringing valuable insights to the boardroom and to executive management, actively contributing to the shaping of corporate strategy. Thank you, Olga, for representing NEPI Rockcastle and sharing your expertise with the business community! Your insights reinforce our commitment to excellence in corporate governance. More details about the event: https://lnkd.in/dRyV-VAu #CorporateGovernance #NEPIRockcastle #InternalAudit #Leadership #RealEstate #BusinessExcellence #AmCham
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🏆 NEPI Rockcastle proudly announces three major wins at the SEE Property Forum Events & News Awards 2024. 🎉 Our achievements showcase our commitment to excellence across multiple domains: 🌟 Concept of the Year: Promenada Bucharest extension 55 400 sqm. Setting new standards in retail innovation. 🌿 ESG Journey of the Year: Photovoltaic installations across 27 properties across Romania. Advancing sustainable real estate development in the CEE region. 💼 Financing Story of the Year: €445 million syndicated green loan by International Finance Corporation. Securing strategic funding to fuel future growth. These accolades reflect NEPI Rockcastle's dedication to creating value through innovative concepts, sustainable practices, and sound financial strategies. This recognition reinforces our commitment to delivering exceptional results for our stakeholders and communities. We look forward to continued success and innovation in the retail real estate sector. Congratulations to our colleagues and to all the winners! Eliza Predoiu, FCCA Carina Juganaru, CFA , Adela Tapurin CFA Andrei Horhoianu Andrei Radu Marian Costache MRICS Robert Ionita Magdalena Gibney Mihai Lințmaier More details here: https://lnkd.in/ddb6z2V6 #NEPIRockcastle #RealEstate #Awards #Sustainability #Innovation #Finance #SEEPropertyForum
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Insightful discussions at the SEE Property Forum! Robert Ionita, Group General Counsel of NEPI Rockcastle, shared valuable perspectives on the future of retail real estate. 🏙️ Robert was a key speaker on the panel "All eyes on retail – New strategies bring investors' return" 💼 Key points discussed included: 🔍 Most attractive assets and locations for investment/development: • Outstanding projects like our 55,400 sqm extension at Promenada in Bucharest and new ventures in Plovdiv, Bulgaria (both Q4 2026) • Large schemes with a comprehensive tenant mix, destinations attracting visitors for an enhanced experience • Prime locations in growing cities in CEE The panel provided inspiring insights into the latest trends shaping the future of retail real estate in the CEE region. We're proud to have contributed to this important industry dialogue through Robert's expertise. Thank you to all who attended and engaged in these thought-provoking discussions! Carmen Ravon, Property Forum Events & News Ákos Budai #NEPIRockcastle #RetailRealEstate #InvestmentStrategies #CEEMarket #RealEstateInnovation
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🌟 NEPI Rockcastle raises EUR 300 million equity to fuel future growth 🌟 We are proud to announce the successful EUR 300 million equity raise completed through an accelerated bookbuild (ABB). This strategic capital raise marks an exciting new chapter in our growth journey as we continue to expand our portfolio and enhance our position as the leading owner and operator of shopping centers in Central and Eastern Europe. The bookbuild was successfully executed in partnership with a syndicate of banks. We were also supported by Java Capital as corporate advisor. Special thanks to the banking teams and A&O Shearman, our legal advisors, for their invaluable contributions in achieving this outstanding result. Rüdiger Dany, CEO of NEPI Rockcastle, commented: “We are very pleased with the strong investor interest in this equity raise, which underscores confidence in our strategic vision and our leadership in the Central and Eastern European retail real estate market. This fresh capital will further strengthen our ability to capitalize on growth opportunities, while continuing to deliver value to our shareholders.” The funds will support our robust pipeline of development and acquisition projects, ensuring we remain agile and well-positioned to seize new opportunities in our core markets. The new shares representing approx. 6% of our issued share capital are listed on the JSE and Euronext Amsterdam starting 23 October 2024. A heartfelt thank you to all our investors for your continued trust and partnership. We are grateful for the continued trust of our longstanding shareholders and are pleased to welcome new investors on board. Together, we look forward to driving even greater success in the years ahead! 🚀 #CapitalRaise #EquityMarkets #GrowthStrategy #RealEstate #Investment #Expansion ✏ *The securities referred to herein have not been and will not be registered under the US Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the US registration requirements. No public offer of securities is to be made in the United States.
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We're proud to have been a partner at the #franchwisesummit in Bucharest, supporting local entrepreneurs and franchisors in their journey to success! 🏙️🤝 🎤 Over 400 attendees joined this impactful two-day event, featuring insightful panel discussions and practical workshops held by the special guest speaker, Farrah Rose, director and partner at the The Franchising Centre in UK, sharing valuable industry insights. Congratulations to all the exceptional speakers that shared valuable strategies inspiring the entire community. At NEPI Rockcastle, we're committed to fostering entrepreneurship and driving economic growth in our communities. Events like the Franchwise Summit align perfectly with our vision of creating thriving business ecosystems. A big thank you to all participants for making it such a vibrant gathering of business minds and congratulations to Raluca Voicu and her team from Franchwise for organizing this successful event. #NEPIRockcastle #Entrepreneurship #BusinessGrowth #CommunitySupport
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Promenada Novi Sad (Serbia) sold for €177 Million: NEPI Rockcastle’s Strategic Exit from Serbia. We are pleased to announce the successful completion of the sale of Promenada Novi Sad to BIG CEE , marking the conclusion of our operations in Serbia. This transaction, valued at €177 million, represents Serbia's largest retail deal to date. This sale aligns with NEPI Rockcastle's strategic focus on core dominant properties and growth in investment-grade markets. As we exit the Serbian market, we are proud of the positive impact Promenada has had on the community and local economy, contributing to a thriving retail sector. We extend our gratitude to our partners, tenants, and visitors in Serbia for being a part of this incredible journey. Promenada, with its 49,200 sqm of prime retail space, has been a cornerstone of Novi Sad’s commercial landscape, attracting over 10 million visitors annually and maintaining a 100% occupancy rate. Since opening in 2018, the center has performed exceptionally, reinforcing its status as a retail leader in the region. 👏 NEPI Rockcastle's team part of this transaction Rüdiger Dany Anca Nacu Marius Barbu Ramona Marusac Andrei Radu Mihai Lințmaier Cosmin Radu Florin Ciobotaru, CFA, ACCA #NEPIRockcastle #Investment #RealEstate #ShoppingCentres
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Marius Barbu, Group Asset Director at NEPI Rockcastle, was invited to speak at Ziarul Financiar "ZF Investiți în România", one of the most-watched online business shows in Romania! 🎙️🇷🇴 During the interview, Marius discussed our latest local project with the senior editor at ZF, Bogdan Alecu. Topics included: 👉 The extension of Shopping City Ploiești 👉 New brands joining this vibrant space 👉 What’s next in the pipeline for our portfolio in Romania and CEE For over 12 years, Shopping City Ploiești has offered a modern shopping experience, solidifying its place as the largest and most modern shopping center in the region. It’s the ideal destination for shopping, socializing, and urban interaction! 💬🌆 Discover more about NEPI Rockcastle's plans for the Romanian market and beyond by watching the full conversation here: https://lnkd.in/e5efaT4k #NEPIRockcastle #RetailDevelopment #Romania #ShoppingCityPloiesti #RealEstate #Investments
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🌍 NEPI Rockcastle's shopping centres in Poland are deeply committed to supporting those affected by the recent floods in the south of the country. Together with the Polish Red Cross, Caritas, local governments, and various local organizations, we have been working tirelessly to provide relief. Our efforts include financial support and donations like dehumidifiers, power generators, rakes, shovels, cleaning supplies 🧴, gloves 🧤, and much more. Collections of essential items and funds are being held at our shopping centres in partnership with the Polish Red Cross, ensuring that aid reaches those in need. We are proud of the young people around the NEPI Rockcastle centres who, as part of the ‘Youth Forum - ACTIVE’ and ‘Youth at the Centre’ Programs, have stepped up to make a difference. In collaboration with the Feniks Uniform School, the Sports School No. 35 in Gdańsk Oliwa, SP 89, the Zdunek Group, and the Fosa Foundation, they collected around 4 tons of essential goods and 200 kg of animal feed, which were delivered to Caritas Poland. Direct support to the affected districts is ongoing, and we remain dedicated to standing by our communities during this challenging time. 🤲 #Support #FloodRelief #Cooperation #LocalCommunity #ShoppingMalls #NepiRockcastlePolska #YouthInAction
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Our Head of Leasing, Justyna Bartosz, shares key insights on retail trends in CEE in an exclusive interview with ACROSS Magazine 🎯 Key highlights: ✨ Experience & community building are driving retail success. What's trending in CEE retail? • 🏥 Wellness, health & beauty seeing strongest growth • 🍽️ Enhanced dining experiences with focus on community • 🎮 Innovative entertainment concepts • ⚡ Expanding solar panel installations across properties "Creating places where people enjoy memorable moments together – this is the underlying principle behind all changes and innovations." - Justyna Bartosz Read more here: https://lnkd.in/evGb8-DT #RetailInnovation #CEEmarket #RetailExperience #CommercialRealEstate #NEPIRockcastle #AcrossMagazine
OUT NOW: NEW ISSUE "RETAILTAINMENT: HOW TO INCREASE EXPERIENCE PER SQUARE METER" - ACROSS
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