NEPI Rockcastle invests in a land plot located in Romania
NEPI Rockcastle, a leading investor and developer of commercial property in Central and Eastern Europe, acquired 17 hectares of land in the city of Galati, eastern Romania, for a mixed-use real estate project.
The value of the transaction was not disclosed and Colliers acted as broker for the transaction.
This purchase is comprised in NEPI Rockcastle’s medium and long-term local expansion strategy, focused on developing mixed-use projects (where the anchor remains the commercial centre and is enhanced by complementary functions, mainly residential).
Eversheds Sutherland Romania advised NEPI Rockcastle on all stages of the deal.
According to romaniainsider, with a property portfolio valued at around €6.1 billion NEPI is consolidating its position in the city, where it also owns the Galati Shopping City shopping centre.