NEPI Bond

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IFC has invested up to EUR 50 million in a Eurobond issued by NE Property Cooperatief UA (NEPC or the Issuer), a wholly owned subsidiary of NEPI Rockcastle Group (the Group).  The financing would be part of an envisaged bond envelope of EUR 500 million to support the expansion of the company’s real estate investment activities in Romania and other Central and Eastern Europe (CEE) countries. IFC is going to be an ordinary investor, among EBRD and other Romanian and European institutional investors. IFC funds will be used for property development and acquisitions in Romania only. NEPI Rockcastle Group is a CEE focused real estate company, listed on the JSE and Euronext Amsterdam. NEPI Rockcastle (NEPIRC) was formed in July 2017 by the merger of New Europe Property Investments plc (NEPI) and Rockcastle Global Real Estate Company Limited (Rockcastle). NEPI Rockcastle Group focuses on investments in dominant retail real estate assets in high-growth CEE countries with leading positions in Romania, Poland and Slovakia and a strong presence in Croatia, Bulgaria, Czech Republic and Serbia. The Group acquires, develops and manages retail/commercial real estate in emerging European Union markets with high-growth potential. The Group envisages to continue acquisition, development and extension of assets in Romania, Poland and in other markets.