Executive Summary
New Europe Property Investments plc is a newly incorporated Isle of Man company. The Company's objective is to provide Shareholders with an opportunity to invest in a dividend paying, non-speculative long term closed-ended fund that could serve as a vehicle for investors seeking Central and Eastern European investment opportunities that yield stable absolute returns and portfolio diversification. The Board of the Company consists of four non-executive directors with a wide range of experience.The Group will be advised by the Investment Adviser on all investment and potential investment decisions. The Investment Adviser will be responsible for identifying new investment opportunities that fall within the investment policy and objectives agreed by the Group. Following the identification of a potential new investment opportunity, the Investment Adviser will be responsible for ensuring that all necessary due diligence is carried out and for negotiating the terms of investment. The Group will initially focus on investing in Romania. The Group's investments will include investments in income producing high quality office, retail, industrial and logistics properties. These types of investments will include, but will not be limited to, sale and leaseback transactions and acquisitions of single properties or portfolios of multiple properties. Investment opportunities will also be sought in development property (which may include establishing joint ventures with developers) to the extent to which these investments can be structured to allocate the majority of the development risk and/or risks related to leasing the assets to the developer or another third party. Up to five per cent. of the Group's investments may be in land which is yet to be developed and up to five per cent. of the Group's investments may be in assets that are not income producing at the time of acquisition, but which can be converted and/or refurbished post acquisition to become income producing. The Group's initial investment focus will be mainly on Romania, but in time the Group will also consider investment opportunities in Central and Eastern Europe. The Group intends to have 50 per cent. of its investments outside of Romania within 36 months from the date of Admission, and in the longer term, not to have more than 30 per cent. of its investments in any one country. Properties will be acquired primarily through SPVs and operated with a view to optimising income in a sustainable manner. The Company will seek to achieve a wide exposure to different tenants…
