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Covid-19 Update: Recent restrictions adopted in some of the Group’s CEE countries
NEPI Rockcastle plc
Incorporated and registered in the Isle of Man
Registered number 014178V
Share code: NRP
ISIN: IM00BDD7WV31
(“NEPI Rockcastle” or the “Group”)
COVID-19 UPDATE: RECENT RESTRICTIONS ADOPTED IN SOME OF THE GROUP’S CEE COUNTRIES
NEPI Rockcastle provided an overview of the trading restrictions in the CEE countries in which the Group
operates and their impact on the Group’s activity as part of the financial results published on 25 February
2021. Since that date, when 85% of the Group’s GLA was operational, Governments reassessed the adopted
restrictions, as set out in the below table. Further to the temporary closure of the non-essential stores up to the
end of March /beginning of April, tenants occupying approximately 58% of the Group’s GLA are operational
as at 22 March 2021.
Weight Operating Cinemas,
in GLA (%) Groceries Restaurants, children's
overall at mid- Operating Non- and coffee shops playgrounds,
portfolio February GLA (%) at food pharmacies and food entertainment
(%) 22 March retailers courts
Closed (local
Romania 35 98 93 Open Open Closed* restrictions affect
cinemas)
Poland 24 91 31 Closed Open Closed* Closed
Slovakia 10 82 21 Closed Open Closed* Closed
Hungary 9 21 29 Closed Open Closed* Closed
Bulgaria 8 91 30 Closed Open Closed* Closed
Croatia 5 98 98 Open Open Closed* Open
Serbia 3 100 10 Closed Open Closed* Closed
Czech 3 42
42 Closed Open Closed* Closed
Republic
Lithuania 3 16 16 Closed Open Closed* Closed
Group 100 85 58
* except for takeaway and outdoor terraces
The safety and wellbeing of the Group’s customers, employees and partners, remains NEPI Rockcastle’s
priority. The business continues to apply extensive safety measures across the portfolio, to ensure customers
can securely access retail and other services.
During 2020, the liquidity and debt maturity profile were significantly strengthened through the sale of the
Romanian office portfolio (on the terms agreed in 2019), the €500 million green bond issuance and the
extension of revolving facilities. The Group’s liquidity is €1.2 billion, with a Loan-to-Value ratio of 31.5%,
significantly below the 35% strategic target. The Group collected 98% of the 2020 reported revenues (adjusted
for rental concessions) by mid-March 2021.
For further information please contact:
NEPI Rockcastle plc
Alex Morar/ Mirela Covasa +40 21 232 1398
JSE sponsor
Java Capital +27 11 722 3050
Euronext Listing Agent
ING Bank +31 20 563 6685
Media Relations mediarelations@nepirockcastle.com
19 March 2021
Date: 19-03-2021 05:15:00
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