Brief: KMC Properties To Book Impairment On Office Building In Russia In Q1 2022

Bevest ASA

28/04/2022 15:21

April 28 (Reuters) - Kmc Properties ASA  KMCP.OL :
    * OWNS OFFICE BUILDING IN MOSCOW, WHOSE VALUE IS  LIKELY TO
BE
IMPACTED BY SANCTIONS IMPOSED ON RUSSIA
    * EXPECTS TO BOOK IMPAIRMENT ON THE PROPERTY IN  Q1 2022
    * THE BUILDING WAS BOOKED AT NOK  142.6 MILLION AS PER DEC.
31,
2021, CORRESPONDING TO  3.6% OF CO'S  TOTAL PORTFOLIO VALUE

Source text for Eikon:  ID:nObiHGLYza 
Further company coverage:  KMCP.OL 

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