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Property Update

6 Jun 2011 15:14

RNS Number : 9413H
Eastern European Property Fund Ltd
06 June 2011
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EASTERN EUROPEAN PROPERTY FUND LIMITED

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COMMENCEMENT OF REFURBISHMENT WORKS

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Eastern European Property Fund Limited is pleased to announce that, following the successful application for a construction permit, refurbishment and upgrading works have commenced on the Ravuna Apartments located at 401 Istiklal Street, Beyoglu, Istanbul. These works are expected to take approximately six months to complete and are anticipated to result in an increased rental yield together with an enhanced valuation for this property.

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For further information please visit www.eepfl.com contact:

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Elysium Fund Management Limited

2nd Floor

No. 1 Le Truchot

St Peter Port

Guernsey

GY1 3JX

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Tel: +44 1481 810 100

elysium@elysiumfundman.com

Tom Fyson

Liberum Capital Limited

Tel: +44 203 100 2000

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