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Home Countries Romania

NEPI Rockcastle Expands into the Residential Market in Romania

Irina Negoita by Irina Negoita
October 27, 2021
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NEPI Rockcastle Expands into the Residential Market in Romania
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On October 20, 2021, retail developer NEPI Rockcastle announced that it was branching into the residential segment by starting works on the Vulcan Residence, its first housing project in Bucharest.

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The apartment complex, which requires an investment of around EUR 22 million, will be finalized in the third quarter of 2023, and include 256 apartments (single and double studios, apartments with 2, 3, and 4 rooms, as well as penthouse units on two levels).

“The first NEPI Residential project means a solid, long-term own investment and reflects the group’s confidence in the versatility and attractiveness of mixed projects – retail, office, residential,” said NEPI Residential Head Iulian Rusu.

 

Tags: NEPI Rockcastle
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Irina Negoita

Irina Negoita

Irina is an international business journalist with ten years of experience across several geographies, and writing for renowned publications including IHS, UBM, or S&P Platts, among others. She holds a BA in International Affairs and Communications from Vesalius College in Brussels, and an MSc in Crime Science from UCL in London.

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CEE Real Estate Matters

CEE Real Estate Matters is an online and eZine format publication dedicated to the fast-moving real estate markets in Central and Eastern Europe. Our diligent team of journalists works tirelessly to bring about news and analysis in five key areas: residential, office, retail, logistics and proptech. We guide real estate professionals through the complexities of these sectors, from stand-out development projects and deals, to financing, legislation and big executive moves.


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Recent Posts

  • Bubblify Quenches Thirst for OXO Tea
  • Develia Acquires Bouygues Immobilier Polska
  • Wingholding Zrt.’s B+ Issuer Rating Affirmed by Scope
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  • LCP Poland, Part of M Core, Buys Polish Retail Park Projects
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  • YIT Slovakia and RSJ Investments Joint Venture Obtains Financing for Zwirn 2 Development in Bratislava

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