NEPR Nthn. Euro.

RNS Number:1089P
Northern European Properties Ltd
29 February 2008

Northern European Properties Limited



Sale of Finnish Portfolio



Northern European Properties Limited ("NEPR" or the "Company"), which invests in
real estate opportunities in the Nordic, Baltic regions and Russia, is pleased
to announce that, following an announcement on 18 January 2008 that it had
signed an agreement to sell 39 properties, principally in Finland, through the
sale of shares, to a real estate fund managed by CapMan it has now closed. The
net sale proceeds amount to approximately Euro 800 million. The agreement contains
a price adjustment mechanism following finalisation of technical due diligence
on part of the portfolio which will be completed by the end of March 2008.





Enquiries:


Jens Engwall, Chairman                                Tel: +46 70 690 65 50
Thomas Lindeborg, CEO                                 Tel: +44 20 7499 40 60
Per Lindblad, CFO                                     Tel: +46 8 456 32 51










                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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