Real Estate: Acquisitions spur New Europe Property Investments: Growing its exposure in the Romania market

Acquisitions and property developments across Romania-focused shopping centre owner New Europe Property Investments (NEPI) buoyed the counter to report a 24% increase in distributable earnings for the six months to June 30. The rand hedge counter, with a market capitalisation of R39 billion, has declared a distribution to shareholders of €18.17 cents per share. NEPI says its earnings were also due in part to the performance ...

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