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Growthpoint Properties' first foray into Eastern Europe receives a mixed reaction from one South African fund manager.
Growthpoint Properties today announced it will subscribe for an initial 26.9% stake in London Stock Exchange Alternative Investment Market listed Globalworth Real Estate Investment Limited, the largest owner of office space in Romania.
New Europe Property Investment is a story is now synonymous with robust growth.
New Europe Property Investments achieves 17.59 euro cents in recurring distributable earnings per share in the six months ended 30 June 2015.
New Europe Property Investments grows its recurring distributable earnings per share 24% year on year in the first half of this year, thanks to acquisitions and developments.
New Europe Property says it has concluded an agreement to acquire Promenada Mall in Bucharest Romania for EUR148m.
Nepi completes another oversubscribed book build as it raises equity of about R1.14bn to finance projects in Romania where it owns shopping malls.
New Europe Property Investments declares a distribution of 26.79 euro cents per share in 2013, an improvement of 15% over 23.29 euro cents in 2012.
New Europe Property Investments will seek to raise about EUR35m or about R486m through the issue of new shares.
New Europe Property Investments (NEPI), which focuses on eastern Europe, will be taking a secondary listing on the JSE’s AltX next month