The leading owner and operator of shopping centres in Central and Eastern Europe, NEPI Rockcastle, who are now also present in Spain, has outlined plans to grow its property portfolio to approximately €12-13bn over the next five years.
Under the theme “Connect. Invest. Grow.” at the 2026 Capital Markets Day in Warsaw, Poland, the Group’s leadership team met investors and industry experts to present the investment priorities and operational strengths behind that ambition, discussing where retail real estate is heading and how NEPI Rockcastle plans to build on its track record.
Marek Noetzel, Chief Executive Officer of NEPI Rockcastle, said: “Over the past two decades, we have built a leading retail real estate platform in Central and Eastern Europe, driven by our in-house expertise, strong partnerships with retailers and a disciplined approach to investment. We see significant opportunities to build on these foundations as we expand our presence in Europe. Our entry into Spain represents an important step forward in that strategy. We believe that applying the proven capabilities we have developed in CEE to new higher growth markets will support our long-term growth ambitions. Our focus remains on acquiring and developing the right assets, creating value through active management and maintaining the financial flexibility to act quickly when attractive opportunities arise.”
With a property portfolio valued at €8.4bn, comprising 60 assets across eight European markets, the Company is already the largest owner of retail real estate in CEE and the third largest listed in continental Europe. Financial discipline remains central to investment strategy.
“We managed to deliver attractive returns to our shareholders while preserving the necessary resources in house to grow. Over the past five years, NEPI Rockcastle has raised €3.6bn through diversified sources of funding, supporting acquisitions and developments while protecting the liquidity and balance sheet strength. With a loan-to-value ratio of 33.1 per cent, below our strategic ceiling of 35 per cent and BBB+ investment-grade credit rating, financial prudence gives us the flexibility to act when opportunities arise,” added Eliza Predoiu, Chief Financial Officer at NEPI Rockcastle.
The Group also highlighted its 90 per cent dividend payout ratio, demonstrating its focus on delivering returns to shareholders while retaining the financial flexibility to pursue its long-term growth ambitions.
