20.5 C
Bucharest
February 26, 2021
BUSINESS

Romania, main investment market for NEPI

The South-African investment fund New Europe Property Investments (NEPI) will expand to Serbia, Hungary, Slovenia and Bulgaria, where it will make the first acquisition in the coming months, but the Romanian market will remain the main target, with planned investments of EUR 500 M until 2016. Since it was born in 2007, the South-African fund invested almost exclusively in real estate projects on the Romanian market, where it currently holds assets evaluated to more than EUR 600 M. “Romania remains out main and preferred target, as it is the market with the highest potential,” said Martin Slabbert, CEO of NEPI. the fund attracted Monday ZAR 700 M (EUR 59 M) through a capital increase which ran for several hours, as the sum targeted at the beginning of the operation amounted to approximately ZAR 500 M (some EUR 42.5 M).

Related posts

OTP Bank Romania announces 24.4 M lei in mid-year profit

Nine O' Clock

Tech start-up: Connections launches Banknit fintech platform

NINE O'CLOCK

54 pct of Romanian CEOs confident in their business growth prospects in the next three years

Nine O' Clock