Leasinvest Real Estate SCA: Leasinvest divests an important part of its logistics portfolio
(Thomson Reuters ONE) -
Leasinvest divests an important part
of its logistics portfolio
Leasinvest Real Estate announces the signing of a binding agreement - subject to
limited conditions precedent - for the granting of a leasehold of 99 years on
three of its logistics buildings in Belgium in favor of a foreign real estate
fund for a value of over ? 60 million, which is in line with the fair value
estimated on 31 March 2017.
The three concerned buildings for a total surface of 80,000 m² of storage space
and 8,000 m² of offices are 100% leased to high-quality tenants and consist of
the buildings located in Tongres (Heesterveldweg leased to SKF), Wommelgem
(Nijverheidslaan leased to different tenants among which Van Inn and Vanden
Borre) and Neder-over-Heembeek (Canal Logistics phase 1, Vilvoordsesteenweg
leased to a/o Doctors Without Borders and Ziegler).
The sale will lead to a lower debt ratio by approximately 2.5 percentage points
which will be only manifested in the course of the third quarter given that the
notarial deed will be passed in the course of the third quarter of 2017.
For the transaction, Leasinvest Real Estate was assisted by CBRE, Jones Lang
Lasalle and law firm Eubelius, and the foreign real estate fund was assisted by
Savills.
Jean Louis Appelmans, Chief Executive Officer:
"In combination with the already announced sale of the Vierwinden building in
Zaventem, realized on 13 June 2017, and the planned sales of the building
located Prins Boudewijnlaan in Kontich end 2017, the main part of our logistics
real estate portfolio in Belgium is divested. The freed-up financial resources
will be used to sustain our growth in the offices and retail segments, in
accordance with our current geographical diversification."
For more information, contact
Leasinvest Real Estate
Leasinvest Real Estate
Jean-Louis Appelmans
Michel Van Geyte
Chief Executive Officer
Chief Investment Officer
T: +32 3 238 98 77
T: +32 3 238 98 77
E: jeanlouis.appelmans(at)leasinvest.be E:
michel.van.geyte(at)leasinvest.be
On LEASINVEST REAL ESTATE SCA
Public BE-REIT (SIR/GVV) Leasinvest Real Estate SCA invests in high quality and
well-located retail buildings and offices in the Grand Duchy of Luxembourg, in
Belgium, in Switzerland and in Austria.
At present the total fair value of the directly held real estate portfolio of
Leasinvest amounts to ? 895 million on 31 March 2017, spread across the Grand
Duchy of Luxembourg (51%), Belgium (40%), Switzerland (5%) and Austria (4%).
Moreover, Leasinvest is one of the most important real estate investors in
Luxembourg.
The public BE-REIT is listed on Euronext Brussels and has a market
capitalization of over ? 518 million (value 16 June 2017).
Press Release_ENG_VK Lopolease:
http://hugin.info/134797/R/2114302/804497.pdf
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: Leasinvest Real Estate Comm. VA via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 20.06.2017 - 17:40 Uhr
Sprache: Deutsch
News-ID 548960
Anzahl Zeichen: 3836
contact information:
Town:
Antwerp
Kategorie:
Business News
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"Leasinvest Real Estate SCA: Leasinvest divests an important part of its logistics portfolio"
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Leasinvest Real Estate Comm. VA (Nachricht senden)
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