BCR and Intercapital Invest broker the operation.
The South-African fund will be the first property fund listed on the Bucharest bourse, on a dedicated segment for real estate investment trusts (REITs).
The fund’s designated symbol in Bucharest is NEP and face value was set at EUR0.01 a share.
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.
The fund is listed in Johannesburg and London.