Eurocastle Investment Limited
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Publicatie datum
24 apr 2015 - 08:00
Statutaire naam
Eurocastle Investment Limited
Titel
Eurocastle Sells Wave Portfolio
Bericht
In line with its strategy to accelerate recoveries from its legacy real estate assets in Germany, Eurocastle Investment Limited (Euronext Amsterdam: ECT) today announced that it has agreed to sell its Wave portfolio. The sale is expected to generate approximately €30 million of net proceeds to the Company before expected historic taxes in the range of €6 million to €8 million. The portfolio is comprised of 44 office buildings with a net lettable area of c. 109,000 sqm spread across 41 cities and towns throughout Germany. The transaction, which is subject to customary closing conditions, is expected to close before the end of September 2015.
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