NEPI Rockcastle opens prime Novi Sad Promenada on time and on budget

Posted On Monday, 19 November 2018 07:50 Published by
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NEPI Rockcastle announces the official opening of its 59th property, Novi Sad Promenada in Serbia’s second largest city, Novi Sad. Novi Sad is a thriving city of approximately 320,000 inhabitants.

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The shopping centre is the largest retail development in Serbia outside of Belgrade. It has four levels, took 16 months to construct, and has been delivered on time and on budget. It is situated in a prime location in the centre of the city, at the intersection of two main boulevards and adjacent to a sports complex and high-density residential areas.

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Key facts

  • Gross leasable area (GLA): 49,000m2
  • Gross building area (GBA):  158,000 m2
  • Tenants include: Armani Exchange, Cineplexx, Adidas, Calvin Klein, Converse, Diesel, Guess, Lacoste, Levi's, Nike, Replay, Sport Vision, Superdry, Timberland, Under Armour, Univerexport, LC Waikiki, LPP (Cropp, House, Mohito, Reserved, Sinsay), New Yorker and Inditex (Zara, Massimo Dutti, Bershka, Oysho, Pull&Bear, Stradivarius and Zara Home).

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Commenting on the new development, NEPI Rockcastle’s chief executive officer, , said:

“NEPI Rockcastle continues to execute its development and acquisition pipeline, maintaining a key focus on understanding and responding to retailer and consumer demand. The positive outlook for consumer growth in the region for the next 10 years makes us look forward to our upcoming projects. I am proud to say that Promenada Novi Sad is the best product we have built so far, from a design and letting point of view, and I am sure we will improve even more in the future.”

NEPI Rockcastle plans to continue investing in Central and Eastern Europe in 2019. It expects to complete several other developments, extensions and refurbishments in Romania, Poland, Serbia and Croatia by the end of 2019.

Last modified on Thursday, 22 November 2018 08:06
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