Brief: Ascencio Sells Property For 8.55 Million Euros

Ascencio SA

11/01/2024 16:56

Jan 11 (Reuters) - Ascencio SCA  ASCE.BR :
    * ASCENCIO DIVESTS AMONG ITS BELGIAN PORTFOLIO
    * PRIVATE  INVESTOR HAS ACQUIRED THIS PROPERTY FOR A NET
AMOUNT OF
€8.55 MILLION, CONSISTENT WITH THE FAIR VALUE DETERMINED BY  THE
INDEPENDENT VALUER
    * SITE COVERS AN AREA OF AROUND 10,000 M², WITH
SPORTSDIRECT.COM,
DREAMLAND AND AUTO 5 BEING MAIN TENANTS
    * IMPACT OF THIS SALE IS ESTIMATED AT - EUR 0.01 PER SHARE
ON AN
ANNUAL BASIS ON EPRA EARNINGS AND AT -0.7% ON COMPANY'S EPRA LTV
    * PROCEEDS OF THIS TRANSACTION WILL ENABLE ASCENCIO TO
INCREASE
CASH AVAILABLE ON ITS CREDIT LINES, MANAGE ITS DEBT RATIO AND
THUS BE IN A POSITION TO CONSIDER INVESTMENT OPPORTUNITIES

Source text for Eikon:  ID:nGNE15h1jq 
Further company coverage:  ASCE.BR 

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