7th Aug 2014 17:16
LONDON (Alliance News) - Invista European Real Estate Trust Thursday said it has sold a logistics asset located in Alovera, Spain to an unnamed buyer in a deal worth EUR12.2 million.
The company said EUR7 million of the sale proceeds have been set aside as part of its strategy to fund ongoing capital expenditure projects elsewhere within its portfolio of real estate assets. The remaining proceeds will largely be used to repay the company's outstanding debt.
Invista said the property is one of the assets it had determined as being ready for sale.
Invista shares closed flat at 3.22 pence Thursday.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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