7th Oct 2014 11:53
LONDON (Alliance News) - Alpha Pyrenees Trust Ltd Tuesday said it has sold office assets in Paris for EUR7.4 million, in line with book value.
The trust has sold the properties, located at Gennevilliers in the north west of Paris, to FRUCTIREGIONS, an investment fund managed by NAMI AEW Europe.
The proceeds from the sale are to be held within Alpha Pyrenees' cash pooling arrangement with lender Barclays PLC to provide security for its loans and working capital.
Alpha Pyrenees shares were trading flat at 2.75 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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