New Europe Property Investments Rockcastle (NEPI Rockcastle), a leading commercial property investor and developer in Central and Eastern Europe, will bring its ‘Promenada’ retail concept, which blends fashion, dining, and entertainment, to Bulgaria’s second largest city, Plovdiv.
The company is constructing a modern shopping mall in Plovdiv, which is expected to be completed by the end of 2020. As announced, the project will introduce a new level of shopping, leisure and entertainment through its unique architecture and a diverse mix of brands and services. Built on an area of over 150,000 sqm, it is set to become a dominant shopping and entertainment destination in Bulgaria, as well as in the neighboring markets. The mall will also provide the largest GLA area in the region, consisting of approximately 60,000 sqm.
The second level of the shopping center will feature an open air terrace offering spectacular views of the cityscape, where visitors will be able to enjoy food and drinks in various cafes and restaurants.
In addition to a unique tenant mix of 200 local and international brands, Plovdiv’s new mall will offer a vast array of entertainment and leisure facilities, as part of NEPI Rockastle’s strategy to create community-centered malls that respond to visitors’ growing needs for new leisure experiences.
The complex will also host a modern multiplex cinema, equipped with the latest projection technology, as well as a hypermarket and a multitude of services to enhance the shopping experience. Furthermore, the mall will benefit from an easily accessible location and will offer 1,500 parking spaces on seven levels.
The construction of a new shopping center will provide a significant boost to the local economy, creating more than 1,500 jobs.
About NEPI Rockcastle
NEPI Rockcastle is a commercial property investor and developer with a dominant position in Romania, Poland and Slovakia and strong presence in Croatia, Bulgaria, Hungary, Czech Republic and Serbia, progressing with a retail expansion program in other Central and Eastern Europe markets.
The Group resulted further to the merger of New Europe Property Investments plc (NEPI) and Rockcastle Global Real Estate Company Limited (Rockcastle) on 11 July 2017, becoming the leading property investment and development group in CEE, and one of the top ten in Continental Europe by market capitalization.