Merger helps new Nepi to crush spread in sevens
Central and eastern European real estate company Nepi raised €500m with its first trade as the newly formed Nepi Rockcastle on Thursday.
“It’s a stronger credit post-merger as it is more geographically diversified,” said a banker on the deal. “Poland is now 23% of its geographical exposure, which wasn’t the case before, and it has benefited from operational and economic efficiencies.”New Europe Property Investment (Nepi) merged with Rockcastle Global ...
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