AIM-listed Central and Eastern European property investor New Europe Property Investments (NEPI) has acquired a portfolio of 18 properties located throughout Romania through the purchase of two companies, General Investment and General Building Management. The total estimated cost of the transaction was EUR 46.3 mln although the final purchase price will be determined by the amount of net rental income generated by the properties. The vendor of the companies was Central Eastern European Real Estate Shareholdings, part of the Bucharest-based Avrig 35 Group.
Premium subscriber content – please log in to read more or take a free trial.
