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DEVELOPER PROFILE - NEPI ROCKCASTLE

A Gat e wa y t o a Ne w Eur ope this all comes together to produce a better is essential that a location has excellent businesses and on market trends, as well Main Picture:
A Gateway to a New Europe
Promenada
Craiova,
performing overall centre.”
key performance indicators (KPIs) and
as networking and personal relationships.
Romania
One of NEPI Rockcastle’s main growth the potential for growth. “When we “We feel this is of paramount importance 1. Silesia City
Center,
NEPI Rockcastle is the premier owner and operator of shopping centres across Central drivers has been their ability to build up search for new properties we need to be because if you do not understand the Katowice,
Poland
and Eastern Europe, with a presence in eight countries and a portfolio of 57 retail strong relationships with tenants, because confident that there is some additional complexities of their businesses and what 2. Focus Mall,
Zielona Góra,
of the company’s extensive network of
drives tenants’ decision-making, how are we
value in the site to be unlocked with
Poland
properties. RLI spent some time with company COO Marek Noetzel to learn about shopping centres across CEE, which helps our asset management proposition going to operate a successful business?” 3. Bonarka
City Center,
their positioning in the market and how they are continuing to grow their presence. brands to establish a presence across and capabilities. Since the company’s We asked Noetzel what NEPI Kraków, Poland
multiple locations, while only dealing with a inception we believe we have excelled at Rockcastle’s corporate goals are for the 4. Forum,
Gdańsk Poland
ounded in 2007, NEPI Rockcastle continued investment into new properties underpinned by the growth opportunities single operator. A good example of this is identifying value-add opportunities and coming years and what role does he
Fis listed on the Johannesburg Stock such as Magnolia Park in Wroclaw and Silesia within its portfolio and earnings accretive beauty brand Rituals, which NEPI Rockcastle how to realise these for the benefit of our envision the company playing in shaping the
Exchange (“JSE”), Euronext Amsterdam City Center in Katowice in Poland. The acquisitions across Central and Eastern worked alongside with for their first store shareholders,” says Noetzel. future of retail real estate in Europe?
(“Euronext”) and A2X. They employ over second is organic growth, or the extraction Europe (CEE). One of the company’s prime opening in Romania, situated in Mega Mall NEPI Rockcastle manages between “We want to further significantly increase
600 people and operate a portfolio with a of additional value from their existing targets is to be present in all the capital cities in Bucharest. Other examples include JD 1,200 to 1,400 individual leasing the value of the portfolio - the four pillars I
gross asset value of €7.8bn. portfolio. Next is development, as the of the countries in which they operate. Sports and Primark, with whom they have agreements a year, which means they are mentioned earlier are at the core of a five-
Last year the company recorded its company continues to undertake greenfield “Each market is different, each one of our launched stores in Poland and Hungary. in constant contact with their tenants, year strategy to become an even more key
best ever results, surpassing even the construction projects such as Promenada properties is unique and the more effort Noetzel said it is a continuous challenge providing the shopping centre owner with player for all our stakeholders within the
performance of 2019, prior to the Craiova in Romania, which opened in 2023 and resources we pour into our shopping to keep the tenant portfolio mix fresh by important insights into the businesses of markets in which we operate. We would
outbreak of the pandemic. The 2024 and others in the pipeline. Finally, the fourth centres, the more we receive back from signing up new brands and so it’s necessary these brands, deepening the relationships also like to be more visible in the international
results encompassed a record low pillar is transitioning the portfolio towards them,” explains Marek Noetzel, COO to keep a keen eye on who the leading and the understanding of how to grow capital markets. I feel our business brand is
vacancy rate, at around two per cent and net zero where NEPI Rockcastle is installing of NEPI Rockcastle. “For example, with retailers are in the market today, because collaboratively through close partnerships. not well enough known in relation to our
higher footfall, solidly positioning NEPI photovoltaic panels across their assets, Paradise Center in Sofia, Bulgaria, we totally retail is forever changing and you cannot In the last few years, the company size. NEPI Rockcastle is the third largest listed
Rockcastle for 2025 and beyond. together with greenfield solar projects, with modernised the shopping environment become complacent. If you do not follow has organised ‘Retailer Days’, annual retail property company in Europe and we
The business has started the year the goal of producing around 70 per cent and you can see through the performance market trends closely, you won’t see the forums aimed at strengthening the need to work harder to improve awareness
focusing on fine-tuning its portfolio of the energy the company and its tenants of our tenants that the project is more changes that are coming and then you’ll risk exchange of knowledge between its of this standing and our market-leading
through four pillars of growth. consume – from renewable sources. appealing to consumers. Tenants also want losing your competitive advantage. management teams and those of its position in CEE in the future.”
The first of these pillars is acquisitions and NEPI Rockcastle’s long-term vision is to modernise and reinvent themselves and When looking for new properties, it tenants on innovation in their respective www.nepirockcastle.com

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