MAS Real Estate plans to roll out deals in central and eastern Europe as the company capitalises on its relationship with Prime Kapital. MAS has a co-investment agreement with Prime Kapital, a Romanian-based company that has been highly rated because of its track record of finding good acquisitions in the central and eastern Europe region. Prime Kapital is run by Martin Slabbert and Victor Semionov, founders of Romanian mall owner New Europe Property Investments (Nepi). They founded the company in 2007 and grew it into the largest mall owner in the country before leaving to create Prime, an integrated real estate developer, investor and operator that sources assets for MAS. "Our joint venture with Prime Kapital is key to our expansion strategy in CEE [central and eastern Europe]. The market is overheated there but Prime helps us to find acquisitions where we don’t overpay," said MAS CEO Morné Wilken. New shopping centre in Bucharest He was speaking after an announcement on Monday th...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.