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Sale of Real Estate Unit

6th Jan 2014 07:23

RNS Number : 9430W
EFG-Hermes Holdings SAE
06 January 2014
 

 

 

EFG Hermes Holding Sells Property for Stake in Real Estate Trust

 

Cairo January 6th, 2014

 

 

EFG Hermes S.A.E. announces today the sale of the seventh floor of Dubai's Index Tower owned by the Company comprising 22,000 square feet of commercial space to Emirates REIT, in exchange for a 4.2% stake in REIT Fund, the first UAE real estate investment trust. 

 

 

 

 

For further information:

Investor Relations Contacts

Tel: +20 (0)2 35356710

Fax: +20 (0)2 3535 7017

Email: [email protected]

www.efg-hermes.com

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