Eurocastle Announces Sale of Belfry and Truss
(Thomson Reuters ONE) -
Guernsey, 13 September 2016 - In line with its strategy to accelerate recoveries
from its legacy real estate assets in Germany, Eurocastle Investment Limited
(Euronext Amsterdam: ECT) ("the Company") today announced that it has agreed to
sell Belfry and Truss, the two remaining Retail portfolios within its legacy
German real estate business. The sale is expected to generate approximately ?2.3
million of net proceeds to the Company compared to the recently reported
adjusted NAV for these portfolios of zero. The portfolios are comprised of 67
assets totaling over 134,000 square meters located throughout Germany. The
majority of the assets sold are expected to close in Q4.
ABOUT EUROCASTLE
Eurocastle Investment Limited is a publicly traded closed-ended investment
company that focuses on investing in performing and non-performing loans and
other real estate related assets primarily in Italy. The Company is Euro
denominated and is listed on Euronext Amsterdam under the symbol "ECT".
Eurocastle is managed by an affiliate of Fortress Investment Group LLC, a
leading global investment manager. For more information regarding Eurocastle
Investment Limited and to be added to our email distribution list, please
visit HYPERLINK "http://www.eurocastleinv.com" www.eurocastleinv.com .
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Eurocastle Investment Limited via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 13.09.2016 - 08:01 Uhr
Sprache: Deutsch
News-ID 494317
Anzahl Zeichen: 1857
contact information:
Town:
St Peter Port
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 193 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Eurocastle Announces Sale of Belfry and Truss"
steht unter der journalistisch-redaktionellen Verantwortung von
Eurocastle Investment Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
