24th Dec 2012 07:00
Treveria PLC
("Treveria" or the "Company")
Update Regarding Silo G
The Board of Treveria is pleased to report that the first installment of EUR 17.135 million for the sale of Saarbrucken in Silo G has been received today. There is a remaining EUR 1.0 million consideration which will be paid if certain conditions are met. The sale is in line with the June 2012 valuation.
The proceeds from the sale will be used to pay down the Silo G loan. Following this repayment the debt balance of Silo G will be EUR 9.6 million. Treveria G is working on the sale of the remaining properties in that portfolio.
For further information, please contact:
IOMA Fund and Investment Management Limited
Graham Smith +44 (0) 1624 681 250
N+1 Singer
James Maxwell/Nick Donovan +44 (0) 20 7496 3000
Related Shares:
GWIK.L