17th Feb 2015 08:57
LONDON (Alliance News) - Livermore Investments Group Ltd Tuesdays aid it has refinanced the Wyler Park property in Bern, Switzerland.
The principal amount on the new loan facility is CHF68 million, the company said. The facility is committed until at least the end of June 2019.
Upon successful extension of the lease with Swiss national transport authority SBB from 2019 to 2029, an additional CHF10 million would be available under the facility.
Wyler Park is a mixed-use property with more than 16,800 square meters of commercial area, 4,100 square meters of residential area, and another 7,100 square meters available for additional commercial development, according to Livermore.
The commercial area is leased entirely to the Swiss national transport authority owned by the Swiss Confederation. It is the headquarters of SBB's passenger traffic division. The residential area consists of 39 apartments, all of which are rented out.
Livermore shares were flat at 35.00 pence on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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