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Tag Archives: Promenada

The second edition of “The Empty Shop” clothing drive kicks off in Bucharest

Promenada has launched the second edition of „The Empty Shop,” a campaign meant to change lives and help people in need through donations of clothes. The campaign is initiated by Promenada Mall, part of the NEP Rockcastle Group, in partnership ...

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Two malls in the province valued at just EUR 8.5 M

GTC’s assets in Romania, namely City Gate office complex and shopping centers Galleria in Arad and Piatra Neamt were significantly devalued. Thus, the two malls in the province are now worth only EUR 8.5 million, compared to over EUR 35.1 ...

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Done! NEPI buys Promenada Mall for EUR 150 M deal

South-African investment fund New Europe Property Investment (NEPI), one of the largest real estate investors in Romania, bought Promenada mall in a EUR 150 million estimated deal, from Vienna based real estate developer Raiffeisen Evolution, Mediafax informs. Soon, ??an official announcement ...

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