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NEW EUROPE PROPERTY INVESTMENTS PLC - Acquisition of land

Release Date: 24/11/2014 08:30
Code(s): NEP     PDF:  
Wrap Text
Acquisition of land

NEW EUROPE PROPERTY INVESTMENTS PLC
(Incorporated and registered in the Isle of Man with registered number 001211V)
(Registered as an external company with limited liability under the laws of South
Africa, registration number 2009/000025/10)
AIM share code: NEPI JSE share code: NEP BVB share code: NEP
ISIN: IM00B23XCH02
(“NEPI” or the “Company”)


ACQUISITION OF LAND


Shareholders are referred to the Investors' Update presentation dated 18 November 2014 that has been posted to the
Company's website (www.nepinvest.com) and the announcement released on 31 October 2014 relating to the
acquisition of the Promenada Mall situated in Bucharest and are advised that NEPI has completed the acquisition of
approximately 1.2 hectares of land adjacent to the Promenada Mall. This land, with an existing office structure that is
undergoing demolition, is zoned for the development of approximately 50,000 square metres of new above ground
offices. NEPI intends applying for re-zoning of the land so that it can pursue a mixed use expansion of the Promenada
Mall integrated with a new A-grade office development on the land plot.

The acquisition of the land is not categorisable under the JSE Listings Requirements. This announcement is for
information purposes only

24 November 2014

Contact details:

New Europe Property Investments plc
Victor Semionov                                               +40 744 388 023

JSE Sponsor
Java Capital                                                  +27 11 283 0042

Nominated Adviser and Broker
Smith & Williamson Corporate Finance Limited
Azhic Basirov                                                 +44 20 7131 4000

Romanian advisor
SSIF Intercapital Invest SA
Razvan Pasol                                                  +40 21 222 8731

Date: 24/11/2014 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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