NEPR Nthn. Euro.

RNS Number:9589Z
Northern European Properties Ltd
10 July 2007





For Immediate Release:



NORTHERN EUROPEAN PROPERTIES LTD ("NEPR") APPOINTS PER LINDBLAD AS NEW CFO


10 July 2007 - Northern European Properties Ltd ("NEPR") today announces the
appointment of Per Lindblad as Chief Financial Officer. The appointment is
effective as of 13 August.


Per Lindblad (45) is currently Managing Director of European Debt Capital
Markets covering the Nordic region at Eurohypo, Europe's leading specialist bank
for real estate and public finance. Prior to this role he was Head of the
Structured Finance team in Real Estate at SEB Merchant Banking.


NEPR recently announced that it will broaden the geographic scope of its
investment strategy from Baltic Russia to encompass other large cities in 
Russia. The Russian regional cities offer significant investment opportunities
at attractive prices. NEPR intends to leverage London & Regional Group's strong
presence across western Russia by extending the scope of NEPR's existing asset
management agreement with LR Real Estate Asset Management. NEPR's strategy in
Russia will continue principally to be the building of a stable, cash generative
portfolio with opportunities for value uplift through active management and
increased exposure to development projects.


Thomas Lindeborg, CEO of NEPR, said: "I am delighted to welcome Per Lindblad to
NEPR. Per brings extensive financial expertise and strong experiences from real
estate projects in the Nordic and Baltic regions. Our strategy and increased
focus on the Russian real estate market increases the demands on our finance
function and CFO. Per Lindblad will be a great contribution to the company
supporting the process of broadening the geographic scope in Russia."



ENQUIRES:

Thomas Lindeborg, CEO
Tel: +46 8 456 32 51
Email: thomas.lindeborg@lrp.se


Jens Engwall, Chairman
Tel: +46 70 690 65 50
Email: jens.engwall@lrp.se



                                    - ENDS -


NOTES TO EDITORS:

Northern European Properties Limited ("NEPR") is a Jersey incorporated company
which invests in real estate opportunities in the Nordic and Baltic Regions and
Baltic Russia. The company has been listed on AIM, a market on the London Stock
Exchange, since 15 November 2006. The initial property portfolio of NEPR is a
diverse portfolio of 84 properties located in the Nordic Region and Lithuania,
with approximately 1.8 million square metres of floor area. NEPR has appointed
LR Real Estate Asset Management (LR REAM) to manage these assets and to pursue
investment opportunities. www.northerneuropeanproperties.com




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

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