Real estate fund NEPI lists on the BSE
Investment property market company New Europe Property Investments plc (NEPI) has been listed on the regulated market of the Bucharest Stock Exchange (BSE), the first real estate investment fund to do so July 2011 - From the Print Edition
Before the listing, NEPI increased its share capital by EUR 29 million. A prospectus for admission to trading NEPI`s shares on the BSE was prepared by managers of Banca Comerciala Romana SA and SSIF Intercapital Invest SA. The prospectus was approved by the National Securities Commission (CNVM), the regulating authority of the capital markets in Romania. NEPI is also listed on the AIM market of the London Stock Exchange and the main market of the Johannesburg Stock Exchange (JSE Limited).
New Europe Property Investments plc, registered in the Isle of Man, was established to invest primarily in the high quality office, retail and industrial property market initially in Romania and thereafter in other Central and Eastern European countries. The group’s property portfolio includes 27 retail office and industrial developments in Romania estimated at EUR 297 million.
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