Overview
New Europe Property Investments plc is a commercial property company registered in 2007 in Isle of Man and subsequently listed on the Main Board of the Johannesburg Stock Exchange (share code NEP), the regulated market of the Bucharest Stock Exchange (share code NEP) and the AIM market of the London Stock Exchange (share code NEPI). The shares are transferable among the three registers.
The investment portfolio is currently focused on Romania but could later include other Eastern European countries. The Group focuses on investments in dominant or potentially dominant retail assets but invests opportunistically in office and industrial properties as well. The investment strategy is biased towards long-term leases in euro with strong corporate covenants.
The Group is internally managed combining property and asset management, as well as investment and development skills, in an integrated approach.
You can visit the company’s website here
News
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11 Feb 2015 1 min read
New European Property 20% uplift in distribution
New European Property Investments has published its results for the year ended 31 December 2014. Over the period the net asset value rose from €3.56 to €4.52 and the adjusted net asset value, which adjusts for items such as goodwill and deferred tax, rose from €3.70 to €4.63. The directors have announced a 17.35 cent distribution […]
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19 Dec 2014 1 min read
New Europe Property makes Slovak investment
New Europe Property is paying €82m in cash and taking on bank debt of €83m in exchange for three companies that own the Aupark Kosice Mall, the Aupark Kosice Tower and Malinovsky Barracks (a 4.1 hectare site located in the centre of Kosice). Kosice is a town in Slovakia with about 240,000 residents. The biggest employer is […]
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22 Oct 2014 1 min read
New European Property raising 1.1bn Rand of new equity
NEPI : New European Property raising 1.1bn Rand of new equity New European Property is raising 1.1bn South African Rand (about €80m) of new equity to help fund two recent acquisitions. The equity issue is being done as part of a vendor consideration placing (a type of deal where the person selling the asset is given […]
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30 Jul 2014 1 min read
New Europe Property Investments : NEPI – Half Yearly Report
New Europe Property Investments says its net asset value (after adding back deferred tax) rose to 3.89 from 3.70 over the first half of 2014. Recurring income rose by 19% when compared to the first half of 2013. The company is paying a distribution to shareholders of 14.87 euro cents per share. The company says […]
