Livermore Investments Group Limited Wyler Park Refinancing Update (0623F)
February 17 2015 - 2:00AM
UK Regulatory
TIDMLIV
RNS Number : 0623F
Livermore Investments Group Limited
17 February 2015
17 February 2015
LIVERMORE INVESTMENTS GROUP LIMITED
("Livermore" or the "Group")
Wyler Park Refinancing Update
Livermore Investments Group Limited is pleased to announce that
it has successfully refinanced the Wyler Park property located in
Bern, Switzerland. The principal amount on the new loan facility is
CHF 68 million (c. $USD73 million). The facility is committed until
at least 30 June 2019. Upon successful extension of the lease with
SBB from 2019 to 2029, an additional CHF 10 million (c. $USD10.7
million) would be available under this facility.
Wyler Park is a top quality mixed-use property located in Bern,
Switzerland. It has over 16,800 square meters of commercial area,
4,100 square meters of residential area, and another 7,100 square
meters available for additional commercial development. The
commercial area is leased entirely to SBB (AAA rated), the Swiss
national transport authority wholly owned by the Swiss
Confederation, and serves as the headquarters of their Passenger
Traffic division. The residential area consists of 39 apartments,
all of which are rented out.
Enquiries:
Livermore Investments Group Limited +41 43 344 3200
Gaurav Suri
Nominated Broker and Advisor
Arden Partners
Steve Douglas / Michael McNeilly +44 207 614 5900
This information is provided by RNS
The company news service from the London Stock Exchange
END
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