5th Feb 2013 07:00
5 February 2013
INVISTA EUROPEAN REAL ESTATE TRUST SICAF
(the "Company")
Invista European real estate trust Completes sale of office asset in grenoble, france
Invista European Real Estate Trust completed the sale of a 4,829 sqm office building in Grenoble, France to Midi2I for a sale price at 31 December 2012 valuation. The sale has enabled the Company to deleverage €6.0 million of outstanding debt and generate net cash proceeds of €420,000.
This sale is a further step in executing the Company's strategy to realise the property portfolio and reduce the senior loan facility with Lloyds Banking Group.
Ludovic Bernard
Internos Global Investors 020 7355 8800
Michael Sandler
Hudson Sandler 020 7796 4133
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