Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Sale Completion of Office Asset in France

5th Feb 2013 07:00

RNS Number : 0895X
Invista European Real Estate Trust
05 February 2013
 



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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUGUMGPUPWGMC

Related Shares:

IERE.L
FTSE 100 Latest
Value8,417.34
Change2.09