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January 23, 2022

NEPI ready to invest about EUR 500 M in retail centres in 2010

British real estate investment fund New Europe Property Investments (NEPI) holding local projects worth some EUR 70 M, is willing to invest between EUR 400 and EUR 500 in Romania next year, in a number of retail centres both in Bucharest and in the rest of the country, according to Realitatea.net. ‘Our intention is to increase our shopping centres portfolio in Romania and become one of the important players on the retail property market. The plan for 2010 is to acquire eight to ten retail parks in which we are ready to invest between EUR 400 and 500 M, but we are very careful about the quality of the developments that we can buy’, said investment fund representative Martin Slabbert.

The NEPI local strategy in the next years is to grow shopping centres portfolio, the fund being very much interested in taking an important position on the market, reason for which it has shown interested in any kind of project irrespective of size, the only condition being the quality. ‘Size doesn’t matter. The money is not an issue for us. The Romanian retail property sector is an extremely attractive one and we plan to make as many acquisitions as possible. We are primarily interested in the value we can derive from such investment’, Slabbert further said.

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