23rd Jan 2014 15:24
LONDON (Alliance News) - Eastern European Property Fund Ltd Thursday said it has completed the disposal of two properties in Istanbul for USD1.6 million.
The property development investment company said the deal, for properties called the Yellow Building and Asmali Cumba, represents a gain before transaction costs of roughly USD830,000.
The company said the sale price is 2% lower than a DTZ Debenham Tie Leung valuation in June 2013.
Eastern European Property Fund shares were down 0.5% to 63.17 pence Thursday.
By Tom McIvor; [email protected]; @TomMcIvor1
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