NEPI raised €100m through an accelerated book building on the Johannesburg Stock Exchange in early August and plans to use half of the funds to repay loans maturing over the next 12 months. The remainder will go toward future real estate projects and acquisitions. Representatives of the South African investment fund had hoped to raise at least €80m through the accelerated booking.
NEPI has several large projects underway on the Romanian market, including Mega Mall in Bucharest and Shopping City Timisoara. It also plans to build a new mall in Piatra Neamt. NEPI is listed on the Bucharest Stock Exchange.
