Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS


Real estate investment fund NEPI will be listed on the stock exchange on Monday

The South-African real estate investment fund New Europe Property Investments (NEPI) will be listed on Monday 20 June at the Bucharest Stock Exchange.(BVB). The NEPI listing was approved at the end of May by the BVB Board. Admission of NEPI shares will be assisted by the corporate finance& investment banking BCR and the Intercapital Invest corporation. NEPI will be the first investment fund listed with BVB, on the sector of the market created for Real Estate Investment Trusts (REITs).

REITs include both companies which invest in real estate and the financial instrument itself. The respective products were created the first time in the US out of the need to make a financial instrument to link the investments and the real estate and the capital market. NEPI is one of the most active real estate investors in Romania with total shares of 360.17 million euro at the end of 2010. The shares of the investment fund are traded on the AIM sector at the London Stock Exchange and the main market of Johannesburg Stock Exchange.