Brief: Westgrund divests Berlin residential units, yields profit of EUR 6 mln

Accentro Real Estate AG

04/06/2015 17:20

June 4 (Reuters) - Westgrund AG  WEG1.DE : 
    * Announces divestment of Berlin residential units yields 
profit of 6 million euros ($6.76 million) to Accentro Real 
Estate AG  E7SG.DE  
    * Transaction price of a double digit million euros 
magnitude exceeds fair value, calculated according to IFRS at 
end of 2014, by about 20 percent 
    * From this portfolio, Westgrund AG had generated yearly net 
rental income of 1.5 million euros 
 
Source text for Eikon:  ID:nEQ5ytrV9a  
Further company coverage:  WEG1.DE  
 
($1 = 0.8879 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))