19th Jun 2012 09:35
19 June 2012
Duet Real Estate Finance Limited
("DREF" or the "Company")
Company Update
Further to the 'Investment Adviser's Market and Investment Update' announcement released on 7th June 2012, the Master Fund has completed an €11.6m mezzanine loan backed by an office and light industrial park on the outskirts of Paris, with a Loan to Value of 67.0% and projected IRR of 15.3%.
The Company has also been informed by the General Partner of the Master Fund that the Investment Period of the Master Fund has been extended to 22nd December 2012, however, the Investment Manager anticipates being fully invested well in advance of this date.
For further information, please contact:
DRC Capital LLP Dale Lattanzio | +44 (0)20 7042 0600 |
Cyrus Korat
Related Shares:
DREF.L