About Us
Carpathian PLC (“Carpathian”) was created in 2005 for the purpose of investing in Central and Eastern European retail properties, primarily shopping centres, supermarkets and retail warehousing. The company’s target countries within the region include: Poland, Czech Republic, Romania, Hungary, Slovakia, the Baltics, the Balkans and Bulgaria.
On Admission to AIM in July 2005, the company raised £140 million of equity by way of an offer to institutional investors. Carpathian used the funds raised from the offer, combined with secured debt gearing against income producing property assets, to acquire a substantial property portfolio of approximately £700 million (€1 billion).
An additional £100 million of equity was raised in May 2007. Of the total equity raised, 75% is allocated to investment properties and 25% to development projects. As of 30 June 2008 approximately £151 million of equity has been spent on investments and £35 million on developments.
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