Neocity Group has sold in the end of last year the mall City Park in Constanta to the investment fund NEPI, in a transaction of EUR 81 million.
According to Nimrod Ben-Ami, the perspectives of the real estate market show at least a slight improvement as the macroeconomic situation is getting better, and Romania becomes a more attractive destination for the service providers, the manufacturers, the retailers and the investors.
“Those elements will have a positive impact at least for part if not all the real estate sectors. We hope that the purchasing power and the consumers’ confidence to recover as well, slowly but stably”, added Neocity’s head, mentioning that in his opinion the residential segment has currently a big potential.
Moreover, Neocity Group is currently looking for investment opportunities in residential.
”We are looking for lands in Bucharest for residential developments and we are analyzing some opportunities to launch such investment projects. We wish that the global economic recovery, which will be felt in the coming years to find us prepared”, he said. (source: wall-street.ro)