BUSINESSCOMPANIESINVESTMENTS

Promenada Mall surface to be extended by 60 pc

By Anca Bernovici
9

South African investment fund NEPI (New Europe Property Investments), the biggest mall owner in Romania, plans to expand by more than 60 percent the surface of Promenada shopping center in Bucharest, Floreasca area, according to the financial report released on Wednesday to Bucharest Stock Exchange, Mediafax informs.

In this context, NEPI purchased 1.2 hectares of land, currently having an authorization for developing 50,000 square meters of offices.

The real-estate company is also developing projects of EUR 371 million, including the reconfiguration and extensions of the assets in its portfolio.

In recent years NEPI has steadily increased the investments in developing on local property market, being the most active player in this field.

NEPI bought Promenada Mall for EUR 148 million, in October 2014. Recently, South African investment fund announced that in April 2015 is going to open Mega Mall, on the Eastern side of Bucharest, near National Arena, following a EUR 165 million investment.

NEPI also owns two office buildings in Bucharest, Floreasca Business Park and The Lakeview.

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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