Less Ads, More Data, More Tools Register for FREE

Investment Update

12 Feb 2013 07:00

RNS Number : 6510X
Treveria PLC
12 February 2013
 

Treveria PLC

 

("Treveria" or the "Company")

 

Investment Update Regarding Silo D

 

Treveria (AIM: TRV), the German retail focused real estate investment company, announces that it has reached a consensual agreement with the Servicer, Situs Asset Management Limited, regarding the implementation of a business plan which will involve the orderly disposal of the Silo D property portfolio over time. Under this agreement the Servicer has also granted an extension to the standstill agreement until 11 June 2013, with the intention to provide four-months rolling extensions moving forward.

 

The Company also announces that Treveria Silo D has appointed CR Investment Management as asset manager for the Silo D asset portfolio, with effect from 1 March 2013. Treveria has committed to cooperate fully with this transition and will be paid 1.80% on each sale as well as a payment today.

 

Treveria Silo D looks forward to working together with the new asset manager and the Servicer in the implementation of the business plan.

 

 

For further information, please contact:

 

IOMA Fund and Investment Management Limited

 

Graham Smith +44 (0) 1624 681 250

 

N+1 Singer

 

James Maxwell/Nick Donovan +44 (0) 20 7496 3000

 

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

Related Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Back to RNS