20th Jun 2012 15:17
Eastern European Property Fund Limited
("EEP" or the "Company")
Sale of Gonul Sokak apartment
20 June 2012
On 19 June 2012, EEP completed the disposal of the Gonul Sokak apartment (No. 14 Asmalimescit Street, Beyoglu, Istanbul), forming part of the Gonul Sokak property which was carried at GBP 528,000 in the 31 December 2011 accounts. The apartment was sold for a cash consideration of 450,000 Turkish Lira (454,500 Turkish Lira including VAT), broadly in line with its 31 December 2011 attributable value.
The Gonul Sokak apartment is a 66.50m2 office. The sale of the property for 450,000 Turkish Lira (approximately GBP 159,000) has crystallised a gain before transaction costs of approximately 100,000 Turkish Lira (GBP 35,000).
For further information please visit www.eepfl.com or contact:
| |
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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