The company issued 9,56 million new shares, which were sold at EUR3, the company said in a news release.
Following the admission of the new shares to trade, NEPI will have a capital of 88.49 million shares, with a face value of EUR0.01.
NEPI will enter trade on the Bucharest Stock Exchange Monday, as the first property investment fund listed on the local bourse, on the newly created segment for Real Estate Investment Trusts (REITs).
New Europe Property Investment owns 33 properties, most of them in Romania. In 2010, the fund bought properties on the local market worth EUR50 million, bringing its local portfolio to a value estimated end-2010 at EUR297 million.
The fund is listed in Johannesburg and London.