The current website is under construction and will be launched soon. In the meantime, please visit the NEPI and Rockcastle websites for additional information

The Company

NEPI Rockcastle plc is a commercial property investor and developer, listed on the Main Board of the Johannesburg Stock Exchange Limited (JSE) and Euronext Amsterdam.

NEPI Rockcastle plc resulted further to the merger of New Europe Property Investments plc (NEPI) and Rockcastle Global Real Estate Company Limited (Rockcastle) on 11 July 2017, becoming the leading property investment and development group in CEE, and one of the top ten in Continental Europe by market capitalization.

The Group has an exceptional property portfolio with top position in Romania, Poland and Slovakia and strong presence in Croatia, Czech Republic and Serbia, progressing with a retail expansion programme in other Central and Eastern Europe markets.

NEPI Rockcastle embraces a strong corporate culture focused on planning, quality of execution, sustainability, ethics and early risk assessment.

The Group is investment-grade rated by Standard & Poor's (BBB, stable outlook) and Moody's (Baa3, positive outlook).

News

2017-11-17 09:00NEPI Rockcastle Prices a €500 Million Unsecured Corporate Bond
2017-11-16 12:40Book Build for Unsecured Corporate Bond
2017-11-09 15:10Acquisition of Alfa Centrum Bialystock, Poland
2017-11-03 15:30Investor Roadshow for Proposed Bond Offering
2017-11-02 14:30Notification of Change of Registered Address
2017-11-02 10:30Fitch Assigned NEPI Rockcastle a BBB Credit Rating with a Stable Outlook
2017-10-27 18:45Dealings in Securities by Associates of Directors of NEPI Rockcastle
2017-10-13 18:20Dealings in Securities by Directors and Associates of Directors of NEPI Rockcastle
2017-10-13 10:00Acquisition of Serenada and Krokus Shopping Centres, Poland
2017-10-11 10:00Results of Distribution Election, Issue of New Shares and Total Voting Rights
2017-10-05 13:50Results of the Accelerated Book Build and Issue of Equity
2017-10-03 14:40Close of the Accelerated Book Build
2017-10-03 13:25Updates Regarding the Accelerated Book Build
2017-10-03 09:00Accelerated Book Build
2017-09-28 10:00Cash Payment in Respect of Fractional Entitlement
2017-09-26 13:30Election to Receive Either a Cash Dividend or a Return of Capital: Finalisation Announcement
2017-09-21 18:30Acquisition of Paradise Center, Bulgaria
2017-09-18 18:30Acquisition of Arena Plaza Budapest, Hungary
2017-09-08 18:00Notice to NEPI Rockcastle Shareholders in Respect of an Election to Receive Either a Cash Dividend or a Return of Capital
2017-09-08 18:00Circular to NEPI Rockcastle Shareholders in Respect of the Dividend for the Six Months Ended 30 June 2017
2017-08-14 16:30Appointment of Alternate Director
2017-08-07 15:00Publication Date of Unaudited Financial Results for the Six Months Ended 30 June 2017

Shareholding Details

Total shares in issue: 577,800,734
3 Largest Shareholders (31 August 2017)
 Holdings% of issued shares
Fortress Income Fund135,416,12225.13%
Resilient Reit Limited71,908,29613.34%
Public Investment Corporation50,424,9299.36%
Total257,749,34747.83%
Note: Excludes shares held through listed vehicles.

Board of Directors

Dan
Pascariu

Independent Non-Executive Chairman

Dan Pascariu is a prominent figure in Romanian banking. His career started at the Romanian Bank for Foreign Trade in 1973, attaining the position of Chairman...

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Dan
Pascariu

Independent Non-Executive Chairman

Dan Pascariu is a prominent figure in Romanian banking. His career started at the Romanian Bank for Foreign Trade in 1973, where he held the position of Chairman and CEO. Mr. Pascariu is a non-executive Chairman of the Supervisory Board of Unicredit Bank, Romania. The founder and first President of the Romanian Banking Association, as well as a co-founder and associate professor at the Romanian Banking Institute, Mr. Pascariu is currently on the board of directors of various financial institutions in Romania and abroad.

Mr. Pascariu was the Chairman of NEPI's Board starting from 2007 and was appointed as independent non-executive chairman of NEPI Rockcastle on 15 May 2017.

Alexandru
Morar

Joint Chief Executive Officer

Alex Morar graduated with a dual degree in finance and information systems from Stern School of Business, New York University, and began his career as an analyst...

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Alexandru
Morar

Joint Chief Executive Officer

Alex Morar graduated with a dual degree in finance and information systems from Stern School of Business, New York University. He began his career as an analyst at Julius Baer Investment Bank. He later joined the financial advisory practice of Deloitte Romania where he spent two years working on large projects and M&A transactions. He joined NEPI upon its founding in 2007 and has contributed to all aspects of the business since then. Before August 2015 (up to his appointment as NEPI's CEO), Mr. Morar focused primarily on NEPI's investments and acquisitions programme throughout Central and Eastern Europe. As NEPI's CEO, he contributed to the significant increase in the company's portfolio as well as further growing its team and asset management platform.

Mr. Morar was appointed as joint chief executive officer of NEPI Rockcastle on 15 May 2017.

Spiros
Noussis

Joint Chief Executive Officer

Spiros Noussis has experience in private equity and investment management. He has been involved in property sector since 2005 and was a founding shareholder and...

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Spiros
Noussis

Joint Chief Executive Officer

Spiros Noussis has experience in private equity and investment management. He has been involved in property sector since 2005 and was a founding shareholder and managing director of Lodestone REIT Limited, a listed REIT focusing on retail and industrial property. Mr. Noussis was appointed Chief Executive Officer of Rockcastle in May 2014 and as joint chief executive officer of NEPI Rockcastle on 15 May 2017.

Mirela
Covasa

Chief Financial Officer

Mirela Covasa graduated with a finance degree from Bucharest Academy of Economic Studies and is a member of the Association of Chartered Certified Accountants (ACCA)...

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Mirela
Covasa

Chief Financial Officer

Mirela Covasa graduated with a finance degree from Bucharest Academy of Economic Studies and is a member of the Association of Chartered Certified Accountants (ACCA) and Chamber of Financial Auditors of Romania (CAFR). Prior to joining NEPI, she was senior manager at PriceWaterhouseCoopers, where she spent eight years performing audit assignments in Romania, Slovenia and India. She has 15 years of accounting, auditing and financial experience.

Ms. Covasa joined NEPI in February 2012 and was appointed CFO in February 2015 and as chief financial officer of NEPI Rockcastle on 15 May 2017.

Nick
Matulovich

Executive Director

Nick Matulovich has been actively involved in the management of Rockcastle from its initial listing with direct oversight over the financial function. He was appointed as Chief Financial...

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Nick Matulovich

Executive Director

Nick Matulovich worked for the Resilient group for six years and was actively involved in the new initiatives such as Resilient Africa in Nigeria as well as advising on the group's structuring considerations.

He has been actively involved in the management of Rockcastle from its inception and continues to have direct oversight over the financial function and is actively involved in acquisitions.

Mr. Matulovich was previously employed by Ernst & Young and spent time in both Audit as well as the Transaction Tax division, one of the most successful and active M&A advisory businesses in Africa, advising on transactions such as Wal-Mart Stores Inc.'s takeover of Massmart Holdings Ltd.

Mr. Matulovich was appointed as an executive director of NEPI Rockcastle on 15 May 2017.

Marek Pawel
Noetzel

Executive Director

Marek Noetzel is an Executive Director and member of the Board of Rockcastle Global Real Estate Company and is responsible for retail portfolio asset management, marketing...

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Marek Pawel
Noetzel

Executive Director

Marek Noetzel is an Executive Director and member of the Board of Rockcastle Global Real Estate Company and is responsible for retail portfolio asset management, marketing, commercialization of shopping centres and acquisitions support. He started his real estate career in 2002 with Cushman & Wakefield in Warsaw as retail leasing agent, and was promoted within the company to associate in 2007 and partner in 2011. As head of the retail department at Cushman & Wakefield, he was responsible for the supervision of the department and key client account management.

Mr. Noetzel was appointed as an executive director of NEPI Rockcastle on 15 May 2017.

Andre
van der Veer

Independent Non-Executive Director

After completing a Masters degree in Banking and Economics during 1991, Andre van der Veer joined Merchant Bank and later Rand Merchant Bank...

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Andre
van der Veer

Independent Non-Executive Director

After completing a Masters degree in Banking and Economics during 1991, Andre Van Der Veer joined FirstCorp Merchant Bank where he founded the agricultural commodities and derivatives trading group in 1995. He headed the trading, derivatives structuring and proprietary trading teams. Since 2003 he was with the RMB Equity Global Markets team.

He became Head of RMB Equity proprietary trading desk in 2009 with a mandate to invest in debt and equity instruments globally. Mr. Van der Veer founded Foxhole Capital during 2012 as a family office specialising in global real estate securities in the listed and private equity markets.

He was a non-executive director of Rockcastle since 2014, and also the Chair of Investment Committee in Rockcastle.

Mr. Van der Veer was appointed as an independent non-executive director of NEPI Rockcastle on 15 May 2017.

Antoine
Dijkstra

Independent Non-Executive Director

Mr. Dijkstra started his career at Credit Agricole in Rotterdam, Paris and Frankfurt. He had various managing roles within NBC (Netherlands)...

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Antoine
Dijkstra

Independent Non-Executive Director

Mr. Dijkstra started his career at Credit Agricole in Rotterdam, Paris and Frankfurt. He had various managing roles within NBC (Netherlands), Harcourt Investment Management (Zurich), JPMorgan/ Bear Stearns and Gulf International Bank (Bahrain). He is founder and partner of Implexus Capital (Netherlands). Mr. Dijkstra has extensive experience in investment management, with a focus on public sector related entities and financial institutions, and has advised numerous clients on financing.

Mr. Dijkstra was a non-executive director of NEPI starting from 2016 and was appointed as an independent non-executive director of NEPI Rockcastle on 15 May 2017.

Desmond
de Beer

Independent Non-Executive Director

Desmond de Beer has significant experience in property investment and management. He spent several years in the banking industry, first at Barclays Bank, South Africa,...

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Desmond
de Beer

Independent Non-Executive Director

Desmond de Beer has significant experience in property investment and management. He spent several years in the banking industry, first at Barclays Bank, South Africa, where he was Bond Manager at the Barclays Trust. Subsequently, he was appointed General Manager, Corporate Equity and became a member of the Executive Committee at Nedcor Investment Bank. Since 2002, Mr de Beer is the Managing Director of Resilient REIT, a South African property company listed on the JSE.

Mr. de Beer was a non-executive director of NEPI starting from 2008 and also the Chair of the Investment Committee in NEPI and was appointed as an independent non-executive director of NEPI Rockcastle on 15 May 2017.

Michael
Mills

Independent Non-Executive Director

Michael Mills is an experienced public company chairman and managing director with significant operating and financial experience. A chartered accountant, he has...

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Michael
Mills

Independent Non-Executive Director

Michael Mills is an experienced public company chairman and managing director with significant operating and financial experience across a range of sectors. A chartered accountant, he has held senior financial roles in a number of multinational companies. His recent experience includes chairman and CEO roles on the boards of UK listed companies operating in the finance sector, software development, healthcare services and manufacturing and a US based distribution business.

Mr. Mills was a non-executive director of NEPI starting from 2007 and also the Chair of its Audit Committee and was appointed as an independent non-executive director of NEPI Rockcastle on 15 May 2017.

Robert
Emslie

Independent Non-Executive Director

Robert Emslie is a Chartered Accountant, with more than 30 years experience in the financial services sector and property management. He held various positions within the ABSA Group...

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Robert
Emslie

Independent Non-Executive Director

Mr. Emslie is a Chartered Accountant, with more than 30 years' experience in the financial services sector and property management. He held various positions within the ABSA Group (currently part of Barclays) during a period of 21 years, more recently as Head of ABSA Corporate and Business Bank, Head of ABSA Africa and member of ABSA Group's Executive Committee.

Mr. Emslie retired in 2009 and currently holds chairmanship and non-executive directorship positions in various private and public companies.

Mr. Emslie was a non-executive director of NEPI starting from 2016 and also the Chair of Remmuneration Committee in NEPI and was appointed as an independent non-executive director of NEPI Rockcastle on 15 May 2017.

Andries
de Lange

Independent Non-Executive Director (Alternate Director to Mr. Desmond de Beer)

After qualifying as a Chartered Accountant, Mr de Lange joined the Industrial Development Corporation of South Africa Limited and then Nedbank Limited ...

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Andries
de Lange

Independent Non-Executive Director (Alternate Director to Mr. Desmond de Beer)

After qualifying as a Chartered Accountant, Mr de Lange joined the Industrial Development Corporation of South Africa Limited and then Nedbank Limited where he gained experience in debt finance, debt and equity restructurings and private equity. He joined Resilient REIT Limited, a South African based property focused company listed on the JSE, in 2004 and acts as Chief Operating Officer.

Office Contact Details

ISLE OF MAN

NEPI Rockcastle plc
Anglo International House, 2nd floor,
Lord Street, Douglas, IM1 4LN, Isle of Man

Tel: +44 2031 801 547

THE NETHERLANDS

NE Property Coöperatief UA
Paulus Potterstraat 32, 1071 DB Amsterdam

Tel: +31 202 33 91 72

United Kingdom

Rockcastle House
1 Wheatfield Way, Kingston, UK, KT1 2TU

Tel: +44 2085 460 133

ROMANIA

NEPI Investment Management SRL
301-311 Barbu Vacarescu, 3rd floor, Bucharest 2, 020276

Tel: +40 21 232 13 98

POLAND

1st Floor, Cosmopolitan Building
2/4 Twarda Street, 00-105, Warsaw, Poland

Tel: +48 224 199 000

SLOVAKIA

Nepi Slovakia Management s.r.o.
Veľká okružná 59A, 01001 Žilina

Tel: +421 41 32 13 420

SERBIA

Nepi Real Estate Development doo
Bulevar Milutina Milankovića 9ž, PC GTC 41 (1st floor), 11070 Belgrade

Tel: +381 11 441 4644

CZECH REPUBLIC

Nepi Czech Management s.r.o.
Bílinská 3490/6, Ústí nad Labem-centrum, 400 01 Ústí nad Labem

Tel: +420 475 317 000

 

CROATIA

Nepi Croatia Management d.o.o.
Ulica Vice Vukova 6, 10000 Zagreb

Tel: +385 1 666 14 49