Overview
Eastern European Property Fund was established in 2006 to take advantage of opportunities that exist in the property markets of Turkey, Romania and Bulgaria (the “Target Countries”).
The investment objective is to provide Shareholders with a high level of income and potential for significant capital growth by investing in property in the major urban centres of the Target Countries.
The fund’s website can be found here.
News
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16 Nov 2017 1 min read
Eastern European Property consults on way forward
Eastern European Property consults on way forward – Eastern European Property Fund Limited continues to procure and progress negotiations with interested parties with a view to securing the disposal of EEP’s remaining key property asset as soon as possible. However, as highlighted in the company’s interim report for the period to 30 June 2017, the […]
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16 Jun 2017 3 min read
Eastern European Property Fund reports a loss making year
Eastern European Property Fund (EEP) reported a net loss for the year ended 31 December 2016 of £1.2 million (2015: loss of £1.0 million), which it says represents a loss per Ordinary Share of 7.80p (2015: loss of 6.30p). it says that a loss of £0.8 million on revaluation of investment properties, and a realised […]
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13 Dec 2016 1 min read
Eastern European Property sells Romanian investment
Eastern European Property says that an agreement was signed on 12 December 2016 to sell its Romanian subsidiary, Southern Properties SRL, the holding company for the property located in Bucharest. The consideration is expected to be EUR 1.50 million (c. GBP 1.27 million) after allowing for local transaction costs and related company costs. This compares to a valuation […]
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26 Sep 2016 2 min read
Eastern European Property making slow progress with sales
Eastern European Property’s net asset value at 30 June 2016 was GBP15.7 million, equivalent to 100.79p per share (31 December 2015: GBP15.8 million and 101.46p per share). They are reporting net income after tax for the period ended 30 June 2016 of GBP0.3 million, representing earnings per share of 2.24p. The share price decreased by 1.25p during the period from 50.75p at 31 December […]
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18 May 2016 2 min read
Eastern European Property hit by discount widening
Eastern European Property has just published results for the year ended 31 December 2015. Eastern European Property’s consolidated net asset value (“NAV”) at 31 December 2015 was GBP15.8 million, equivalent to 101.46p per Ordinary Share (2014: GBP16.4 million; 105.36p per Ordinary Share). The Company’s share price decreased by 14.375p during the year to 50.75p at 31 December 2015, with the discount […]
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21 May 2014 1 min read
Eastern European Property : EEP – results
Eastern European Property has released figures to the end of December 2013. These are quite out of date now but they show the net asset value was just about static – rising slightly from 105.03p to 105.19p. The discount widened however as the share price fell to 70.75p from 87.5p. Over 2013 they sold £2.5m […]
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23 Jan 2014 1 min read
Eastern European Property Fund : EEP – disposal
Eastern European Property Fund has sold the Yellow Building and Asmali Cumba (buildings in Asmalimescit Street, Beyoglu, Istanbul). The properties fetched $1.6m – about 2% lower than the valuation on 30 June 2013.
