PIE Events
- Nordics Property Breakfast
31 May 2012
Frankfurt am Main, Germany
Upcoming Events
- Property Debt Breakfast
20 June 2012
London
AIM's New Europe Property to invest up to e500m in Romanian malls next year
CEE property investor New Europe Property Investments, listed on London's AIM and in Johannesburg, has agreed to to acquire the holding of the European Retail Park in Braila, Romania, from Romanian retail developer BelRom Real Estate. The investment is for a total debt-free price of e63m in cash and new shares.NEPI is registered in the Isle of Man and is an associate firm of listed South African property group Resilient Property Income Fund. NEPI MD Martin Slibbert told Business Standard that the firm is willing to invest e400m-e500m in Romania next year. "We want to .. become a major player on the real estate retail market," he said.