Disposal
April 16 2010 - 7:18AM
UK Regulatory
TIDMKEIF
RNS Number : 3204K
Kenmore Euro Industrial Fund Ltd
16 April 2010
16 April 2010
Kenmore European Industrial Fund ("KEIF"/ "Fund')
KENMORE EUROPEAN INDUSTRIAL FUND COMPLETES
SALE OF DUTCH ASSET
Kenmore European Industrial Fund today announces that it has sold a warehouse
asset at Saxa Gothstraat, in Boxmeer, Holland, to a local occupier, Kelders, for
a total consideration of EUR1million.
The property comprises four buildings totalling 45,273 sq ft (4,206 sq m), which
date from the early 1990s. The property is currently vacant and the sale price
reflects a significant premium to valuation. Following the disposal, the KEIF
Dutch portfolio occupancy rises to 100%.
Boxmeer is located on the Dutch/German border in an area that is dominated by
large-scale industrial occupiers and transport companies.
Rob Brook, Managing Director of Kenmore Financial Services Limited, commented:
"KEIF has enjoyed several years of rental income from this asset, leading up to
the tenant's recent departure, and has subsequently been able to take advantage
of the strong owner occupier demand in the region for this type of asset,
selling at a premium to valuation."
KEIF was represented by DTZ Zadelhoff v.o.f.
-ENDS-
For further information, please contact:
Stephanie Highett / Dido Laurimore / Olivia Goodall, Financial Dynamics
Tel: 020 7831 3113
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISGGUMGCUPUGGQ
Kenmore Euro (LSE:KEIF)
Historical Stock Chart
From Jun 2024 to Jul 2024
Kenmore Euro (LSE:KEIF)
Historical Stock Chart
From Jul 2023 to Jul 2024