JSE-listed property company MAS Real Estate confirmed that the tranche of 41.7 million of its shares sold Friday 15 January 2021 for R500-million has been acquired for the benefit of the Mary Oppenheimer family interests, under the guidance of advisor Stockdale Street Ltd.

The board is pleased to announce the appointment of Werner Behrens as Chief Executive Officer  of MAS effective 1 May 2019.

In November and December 2018, PKM Developments, the joint venture between MAS Real Estate Inc. and Prime Kapital, completed three new value centres in Romania.

New Europe Property Investments announced an equity raising of R1bn through the issue of new shares.

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.

JSE-listed New Europe Property Investments has plans to expand its investments further into Serbia.

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.

Deals such as New Europe Property Investments’ (Nepi’s) proposed acquisition of a Romanian retail park’s debt are more common in Europe than in South Africa, reflecting the relatively healthy state of South Africa’s listed property and banking sectors, analysts say.

New Europe Property is to undertake a rights offer to raise about EUR100m.