23 Jun 2015 09:22
23 June 2015
INVISTA EUROPEAN REAL ESTATE TRUST SICAF
(the "Company")
SALE COMPLETION of LOGISTICS ASSET in SPAIN
Invista European Real Estate Trust has completed the sale of a logistics asset located near to Girona, Spain. The sale was achieved at a total net price of €2.95 million, representing a discount of 3.88% compared to the latest valuation of the property (31 March 2015). After transaction costs, the sale proceeds will be used to repay a portion of the Company's outstanding mezzanine debt.
This asset represented the Company's final remaining investment in Spain, therefore this disposal contributes to the further consolidation of the Company's remaining portfolio of investment properties located mainly in France and Germany.
For further information, please contact:
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