The revenues from rents and other exploitation revenues have increased with almost 40%, from EUR 26.9 million in the first nine months of last year to EUR 37.6 million, according to the financial reports sent on Thursday to Bucharest Stock Exchange.

The costs with the real estate investments exploitation have increased with 60%, from EUR 6 million to EUR 9.6 million.

At the end of the first nine months, NEPI had EUR 275.1 million debts, 37% bigger than those registered in the similar period of last year (EUR 201.4 million) and 20% bigger than those registered in the end of 2012 (EUR 230.8 million).

The fund’s assets, one of the most active real estate investors on the local market, were estimated to EUR 916 million at the end of September, compared to EUR 519 million last year.

The most important acquisition made by NEPI this year was the takeover of 70% of the project Mega Mall in Bucharest, situated on the former Electroaparataj factory land, near the National Arena.

The fund also owns the office buildings The Lakeview and Floreasca Business Park in Bucharest, City Business Center in Timisoara, as well as Ploiesti Shopping City and Promenada Braila. The fund also owns a series of lands for commercial centres development.

NEPI is the first real estate fund listed at Bucharest Stock Exchange, on the market segment created for Real Estate Investment Trusts (REITs). The fund is also listed at the stock in Johannesburg (South Africa) and London, on AIM segment.


The most recent transaction with NEPI’s shares at Bucharest Stock Exchange was made on Friday for 29.5 lei. At this price, NEPI’s stock exchange capitalization is EUR 1.29 billion. (source: