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Disposal

29 Oct 2018 07:00

RNS Number : 3844F
Dolphin Capital Investors Limited
29 October 2018
 

29 October 2018

 

THIS DOCUMENT CONTAINS INSIDE INFORMATION

DOLPHIN CAPITAL INVESTORS LIMITED

 

("DCI" or "Dolphin" or the "Company",

together with its subsidiaries, the "Group")

 

​Disposal of Nikki Beach Resort & Spa project

 

DCI, a leading investor in high-end residential resorts in the eastern Mediterranean, is pleased to announce that, in line with its strategy to realise value through an orderly sale of assets, it has completed the disposal of its 25% interest in the Nikki Beach Resort & Spa project (the "Disposal") to Invel Real Estate Partners Three Limited, a company affiliated to Invel Real Estate Management Ltd for a total cash consideration of €1.65m which was received on 26 October 2018.

The Disposal consideration of €1.65m represents a premium to the book value included in DCI's financial statements as at 30 June 2018.

 

Enquiries:

 

Dolphin Capital Investors

Andrew Coppel, CBE

 

 

+44 (0) 7785 577023

 

Dolphin Capital Partners

Miltos E Kambourides

 

 

miltos@dolphincp.com

 

 

Instinctif Partners

(PR Communications Adviser)

Mark Garraway

 

+44 20 7457 2020

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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