Real estate investment fund New Europe Property Investment (NEPI), with real estate assets in Romania, will float on the Bucharest Stock Exchange (BSE) by the end of March, according to Dan Weiler, executive director of Corporate Finance Investment Banking with BCR. The listing will not include an initial public offering (IPO).

NEPI will thus be the first real estate investment fund listed on the BSE on the market segment created for Real Estate Investment Trusts (REITS). NEPI is also listed on the Johannesburg and London stock markets. The fund has recently bought the Floreasca Business Park office complex in Bucharest at a purchase price of EUR 27.6 million. NEPI also owns several shopping centers in Romania, among which Iris Shopping Center, European Retail Park Braila.

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