NEPI Rockcastle (ticker symbol: NRP), one of the largest real estate companies in Continental Europe, began trading today on Euronext Amsterdam.
At opening, based on a reference price of € 11.33 per share, the total market capitalisation of NEPI Rockcastle was approximately € 6.1 billion.
NEPI Rockcastle is the company created through the merger of real estate owners New Europe Property Investments (NEPI) and Rockcastle Global Real Estate (Rockcastle). The company owns and manages dominant retail assets and A-grade offices in the Central and Eastern Europe (CEE) region, with a complementary portfolio of global real estate listed securities. It benefits from NEPI’s extensive operational platform and from both founders’ strong track record in completing value enhancing acquisitions and developments.
The company’s core direct property portfolio comprises 42 retail, 6 office and 2 industrial properties, located primarily in the CEE region, with 3 developments under construction and 17 under permitting and pre-leasing.