New Europe Property Investments plan to raise R1.14bn shares

Posted On Monday, 04 August 2014 18:10 Published by
Rate this item
(0 votes)

New Europe Property Investments says it plans to raise R1.14bn through the issue of new ordinary shares.

Martin Slabbert

New Europe Property Investments (NEP‚ Nepi) said on Monday it planned to raise R1.14bn through the issue of new ordinary shares.

The proceeds of the equity raise would be used to partially fund the company's future development and extension pipeline as well as acquisitions.

Nepi focuses on shopping centres in eastern Europe‚ with assets primarily in Romania. Aside from the JSE‚ the company is also listed on London's AIM and the Bucharest stock exchange. The equity raise would be offered to qualifying investors through an accelerated book-build process.

Last modified on Monday, 04 August 2014 18:51

Most Popular

City of Joburg Housing Development wins UN award

Sep 17, 2019
The City of Johannesburg’s Housing department has won a Sustainable Cities and Human…

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

Mixed-use is the key to funding hotel development in Africa

Sep 17, 2019
JLL’s research into global property transactions reveals that in the first half of 2019,…

Reserve Bank keeps repo rate unchanged

Sep 23, 2019
 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line…

Please publish modules in offcanvas position.