Mall activity picking up in Eastern Europe, Nepi Rockcastle says

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The group, which owns malls in countries including Romania, says it is optimistic about increasing activity as lockdowns ease

Nepi Rockcastle's Plaza Arena in Budapest, Hungary. Picture: SUPPLIED

The group said in a trading update tenants occupying approximately 70% of the group's gross lettable area are open, which the group expects to increase to 94% at the end of June. “The post-lockdown performance of our shopping centres is very encouraging, and the higher-than-expected footfall is notable especially considering that many dining and entertainment areas are just opening,” said CEO Alex Morar.

 

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