Invista European Real Estate Trust Sale of Office Asset in Belgium (6843D)
May 01 2013 - 2:00AM
UK Regulatory
TIDMIERE
RNS Number : 6843D
Invista European Real Estate Trust
01 May 2013
1 May 2013
INVISTA EUROPEAN REAL ESTATE TRUST SICAF
(the "Company")
Invista European real estate trust Completes the sale of An
office asset in Central Brussels, Belgium
Invista European Real Estate Trust has completed the sale of an
office asset located on Rue Royale in central Brussels, Belgium.
The sale was achieved at a sale price of EUR7.2 million which
represents a 2.4% premium to 31 December 2012 valuation.
The 3,744 sqm office building is fully let to Communauté
Française whose lease was recently re-geared on a fixed nine year
term following active asset management to improve the asset's
liquidity. As a result, a successful sale has been negotiated on
terms that include a sharing of deferred tax liabilities with the
purchaser, which has enabled the Company to repay EUR5.0 million in
outstanding debt and retain EUR1.4 million in cash proceeds.
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
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