Nepi Rockcastle sells Romanian office portfolio for R4.6bn
The JSE-listed landlord is selling its Romanian office assets to focus on its retail assets
17 December 2019 - 07:40
Nepi Rockcastle, the most valuable landlord on the JSE, said on Tuesday it had reached an agreement to sell is Romanian office portfolio for €290m (R4.6bn)
The company announced in July it would dispose of its Romanian office interests to intensify its focus on retail, with the proceeds of the transaction to be used to fund the group's pipeline of acquisitions and developments...
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