A silver lining amongst the many dark clouds dominating South Africa’s current economy is, thanks to recent interest rate cuts, commercial real estate - especially purpose-built quality logistics assets supporting the ongoing e-commerce boom in the country.

“We are delighted to report that the Group has achieved the targeted results in a competitive market.

NEPI Rockcastle continues to leverage on its strengths and consolidate its position as the dominant, high-quality shopping centre owner with the most robust management platform in Europe’s highest growth region.

NEPI Rockcastle welcomes the conclusion of the investigation by the Financial Sector Conduct Authority (FSCA) relating to allegations of market abuse.

NEPI Rockcastle has been approved for a secondary listing on A2X Markerts and its shares will be available for trade on A2X from Tuesday, 18 June 2019.

NEPI Rockcastle’s wholly-owned subsidiary, NE Property BV, has closed the corporate bond book build referred to in the announcement released earlier today.

Stakeholders’ attention is drawn to the announcement issued on 6 May 2019 by South Africa’s Financial Services Conduct Authority.

Moody's Investors Service has affirmed NEPI Rockcastle’s long-term credit rating and senior unsecured rating at ‘Baa3’ and changed the outlook from positive to stable.

Following S&P Global Ratings’ confirmation of NEPI Rockcastle’s BBB/Stable/-- rating in response to the publication of a report on NEPI Rockcastle by Viceroy Research. 

NEPI Rockcastle updates the valuation of its property portfolio in June and December each year. Fair value is determined by external, independent professional valuers with appropriate and recognised qualifications, and recent experience in the locations and category of properties being valued.

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