NEPI Rockcastle has acquired 17 hectares of land on Portului Street in Galati for a mixed-use real estate project, in a transaction brokered by Colliers.
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.
NEPI Rockcastle has invested over 2 billion euros in the first 14 years of activity in Romania, in urban real estate projects.
The group generated revenues of over 100 million euros in Romania’s central budget and over 50 million euros in local budgets in the last five years alone.
In Romania, the company has 230 employees and generates, through its investments, another 30,000 jobs in the local economy.