NEPI posted a net profit of €13.3m in the first quarter, an 18.6-percent increase over the same period last year. Moreover, revenues from rents doubled, hitting €19.8m from €9.9m in 2013. The strong performance is mainly thanks to to NEPI’s growing project portfolio, which includes Mega Mall Bucuresti, Vulcan Retail Park Bucharest and Targu Jiu Shopping City. On the local market, the investment fund manages more than 200,000 sqm worth of retail space. NEPI’s portfolio also includes several office buildings in Romania, like The Lakeview and Floreasca Business Park.
