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NEPI ROCKCASTLE PLC - Covid-19 update: Operating gross leasable area expected to increase to 85% in less than one week

Release Date: 25/11/2020 17:00
Code(s): NRP     PDF:  
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Covid-19 update: Operating gross leasable area expected to increase to 85% in less than one week

NEPI Rockcastle plc
Incorporated and registered in the Isle of Man
Registered number 014178V
Share code: NRP
(“NEPI Rockcastle” or the “Group”)


Stakeholders are referred to the Group’s Business Update published on 19 November and are advised that,
following recent decisions of the Polish and Bulgarian Governments, tenants occupying approximately 85%
of the Group’s GLA are expected to be operational as of 28 November. A summary of the changes to trading
restrictions is set out below:

- In Poland, the restrictions imposed on non-essential stores’ trading will be lifted from 28 November,
  increasing the Group’s operational GLA by approximately 15%. Cinemas and restaurants will remain closed,
  with restaurants being allowed to operate for take away and deliveries. The remaining restrictions affect 1%
  of the Group’s GLA.

- In Bulgaria, the Government announced new trading restrictions effective from 28 November until
  21 December. These restrictions are similar to those imposed in the spring and provide for the closure of non-
  essential stores, except for food stores, pharmacies, pet shops, banks, insurance offices and payment services
  providers. Restaurants are planned to operate only for take away orders and deliveries. These restrictions are
  estimated to affect 5% of the Group’s GLA.

The Czech Republic Government extended the state of emergency up to 12 December, when the situation
will be reassessed. Current trading restrictions affect approximately 2% of the Group’s total GLA.

The temporary restrictions in the other countries where the Group operates, as announced in the recent
Business Update, continue. Most CEE governments are balancing attempts to mitigate the growing pressure
on medical services against those limiting the negative economic impact of the restrictions. Depending on
infection rates, existing restrictions can be lifted, or new ones introduced on short notice. Additional fiscal
support measures are expected to offset the effects of existing and possible new restrictions.

For further information please contact:

NEPI Rockcastle plc
Mirela Covasa                                               +40 21 232 1398

JSE sponsor
Java Capital                                                +27 11 722 3050

Euronext Listing Agent
ING Bank                                                    +31 20 563 6685

Media Relations                                   

25 November 2020

Date: 25-11-2020 05:00:00
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