South-African real estate developer NEPI plans to build a shopping center in Ramnicu-Valcea, after signing a pre-contract for the purchase of a 12-ha plot in the city. The plot belongs to Belgian real estate developer BelRom.

The company will give a timeline on the mall’s construction, after it gets confirmations from several anchors, said Alex Morar, NEPI CEO, cited by Ziarul Financiar.

Ramnicu Valcea, a city of 110,000 inhabitants, has two other shopping centers, namely River Plaza, which was developed by the Portuguese company Sonae Sierra, and Winmarkt, which is owned by the Italian group IGD.

NEPI is the biggest mall owner in Romania. It owns the Mega Mall and Promenada Mall in Bucharest and many other shopping centers throughout the country. Its properties in Romania were valued at more than EUR 1.3 billion in June 2015.

editor@romania-insider.com