New Europe Property Investments to raise R1bn equity

Posted On Monday, 05 October 2015 16:15 Published by
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New Europe Property Investments announced an equity raising of R1bn through the issue of new shares.

Martin Slabbert Nepi

The group said the equity raise was subject to pricing acceptable to the company and would be completed as part of a vendor consideration placing.

"The vendor consideration placing will be utilised to refinance the recently announced acquisition of the Auchan Titan Shopping Centre in Bucharest, Romania," Nepi said.

The equity raise would be offered to qualifying investors through an accelerated book build process, it said.

Last modified on Monday, 05 October 2015 16:40

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