30th Dec 2014 15:27
TREVERIA PLC
("Treveria" or the "Company")
Investment update
Treveria announces that it has today executed an agreement to sell its property at Wall 18, Wuppertal (Germany), held in its "Silo G". The consideration, payable in cash, amounts to EUR 9.75 million, giving estimated net proceeds of EUR 9.4 million. Completion is expected in February 2015. The property had a carrying value at 30 June 2014 of EUR 10.30 million.
The Company will make a further announcement about the application of the sale proceeds in due course.
Further information, please contact:
IOMA Fund and Investment Management Limited | |
Graham Smith | +44 (0) 1624 681 250 |
N+1 Singer | |
James Maxwell / Richard Salmond | +44 (0) 20 7496 3000 |
Related Shares:
GWIK.L