NEPIs acquisitions in Romania
Last year, the UK firm New Europe Property Investments (NEPI) acquired two companies that hold 18 properties in different cities across the country, from a company affiliated to Avrig 35, for €46.3 mln.
“The buildings are those that ‘accommodate’ Raiffeisen Bank’s county subsidiaries, so approximately 90% of the 18 properties are leased to Raiffeisen. NEPI analyzed these properties in autumn 2007”, said Georgiana Anghelus, consultant of Colliers International.
In 2007, NEPI also acquired four properties owned by Flamingo in Bucharest, Iasi, Bacau and Brasov for €4 million.
The total value of NEPI properties stood at €99.79mln at the end of first half, from €93.72mln at the end of 2008, according to the company’s financial report. The net rental and related income amounted to €3.52 mln at June 30 versus €6.31mln at the end of last year.
“The buildings are those that ‘accommodate’ Raiffeisen Bank’s county subsidiaries, so approximately 90% of the 18 properties are leased to Raiffeisen. NEPI analyzed these properties in autumn 2007”, said Georgiana Anghelus, consultant of Colliers International.
In 2007, NEPI also acquired four properties owned by Flamingo in Bucharest, Iasi, Bacau and Brasov for €4 million.
The total value of NEPI properties stood at €99.79mln at the end of first half, from €93.72mln at the end of 2008, according to the company’s financial report. The net rental and related income amounted to €3.52 mln at June 30 versus €6.31mln at the end of last year.