South-African investment fund NEPI, Globalworth, the company controlled by the Greek businessman Ioannis Papalekas, and the new entity made by the fusion between the Austrian companies CA Immo and Immofinanz have assets mainly in the retail and office sectors, while the residential segment is less represented.


The logistics segment also contributed in a small amount, as Immofinanz, for instance, marked an important transaction by selling its entire industrial spaces portfolio to the American company Blackstone.


„It is obvious that, on the real estate market, the competition increased in the last period, and the future difference will be made by those experienced in the field. We will continue to do what we have done until now”, says Alex Morar, CEO of NEPI, with the most valuable portfolios in the local real estate market –  EUR 1.6 billion. Its most important assets include the commercial centres Promenada and Mega Mall in Bucharest, as well as several office projects.


Common to all three developers is the financing source, as they all have foreign capital, from countries such as Cyprus, Greece, South-Africa or USA. (source: