New Europe Property Investments to raise R1bn equity

Posted On Monday, 05 October 2015 16:15 Published by
Rate this item
(0 votes)

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

Most Popular

GMI Property Group adds a New Mall to its Stable: Bronkhorstspruit Mall

Jul 21, 2022
GMI Properties Group announces the development of the much-anticipated Bronkhorstspruit…

Equites Property Fund and Mabel conclude B-BBEE transaction

Jul 21, 2022
Andrea Taverna-Turisan
The JSE listed specialist logistics property fund, Equites, today officially announced…

The growing take-away and fast food, and food delivery, culture

Jul 20, 2022
Restaurant and Take-Aways data for May 2022
Restaurant and Take-Aways data for May 2022 points to “solid but slowing” growth in…

The rapidly rising cost of living is reflecting in residential rentals

Jul 21, 2022
TPN Graph-Rental Demand
Demand for residential rental properties saw some recovery in the first quarter of 2022…

Despite hike, interest rate remains below pre-Covid levels, says Dr Andrew Golding

Jul 21, 2022
Dr Andrew Golding
With the inflation outlook deteriorating since the previous Monetary Policy Committee…

Please publish modules in offcanvas position.