Brief: Aedes SIIQ acquires real estate fund Redwood

Aedes Ligure per Imprese e Costruzioni SpA

16/03/2016 06:56

March 16 (Reuters) - Aedes SIIQ SpA  AEDI.MI : 
    * Said on Tuesday it acquired 70 percent of real estate fund 
Redwood from GE Capital Corporation for 16.4 million euros 
($18.20 million) 
    * Redwood is the owner of 18 commercial properties and 9 
commercial licenses 
    * Signed a preliminary agreement to acquire the financial 
credit guaranteed by a lien on the remaining 30 percent stake in 
fund Redwood 
    * Price for the acquisition of the credit is 13.6 million 
euros 
    * As a result of both operations, Aedes SIIQ will own 100 
percent of fund Redwood 
 
     
  
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA152e4 
     
 Further company coverage:  AEDI.MI   
    
 
 
 
($1 = 0.9011 euros) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))