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Investment update

30 Dec 2014 15:27

RNS Number : 9672A
Treveria PLC
30 December 2014
 



TREVERIA PLC

("Treveria" or the "Company")

 

 

Investment update

 

Treveria announces that it has today executed an agreement to sell its property at Wall 18, Wuppertal (Germany), held in its "Silo G". The consideration, payable in cash, amounts to EUR 9.75 million, giving estimated net proceeds of EUR 9.4 million. Completion is expected in February 2015. The property had a carrying value at 30 June 2014 of EUR 10.30 million.

 

The Company will make a further announcement about the application of the sale proceeds in due course.

 

 

Further information, please contact:

 

 

IOMA Fund and Investment Management Limited

Graham Smith

+44 (0) 1624 681 250

N+1 Singer

James Maxwell / Richard Salmond

+44 (0) 20 7496 3000

 

 

 

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