23rd Jan 2014 15:05
Eastern European Property Fund Limited
("EEP" or the "Company")
Sale of Property
23 January 2014
On 22 January 2014, EEP completed the disposal of the Yellow Building and Asmali Cumba (both in Asmalimescit Street, Beyoglu, Istanbul) for a cash consideration of USD 1,568,000 (plus VAT).
The sale of the properties for USD 1,568,000 (approximately GBP 946,000) has crystallised a gain (before transaction costs) of approximately USD 830,000 (GBP 501,000).
The sale price is 2% lower than the 30 June 2013 DTZ Debenham Tie Leung valuation (in USD terms).
For further information please visit www.eepfl.com or contact:
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Tom Fyson Liberum Capital Limited Tel: +44 203 100 2000 | Keiran Gallagher Pera Pera Tel: +90 212 252 6048 |
Bob Locker CNC Property Fund Management Limited Tel: +44 1784 424 740 | |
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Eastern European Property