Brief: CBo Territoria To Sell 3 New Residences to SHLMR/Action Logement For EUR 31.6 Mln

Cbo Territoria SA

05/01/2022 15:30

Jan 5 (Reuters) - Cbo Territoria SA  CBOT.PA :
    * STRENGTHENED PARTNERSHIP WITH SHLMR/ACTION LOGEMENT IN
INTERMEDIATE AND SOCIAL HOUSING IN DISTRICTS DEVELOPED BY CBO
TERRITORIA
    * AGREEMENT TO SELL 3 FUTURE RESIDENCES OF 162 UNITS
ALTOGETHER
FOR A TOTAL AMOUNT OF EUR 31.6 MILLION IN DECEMBER 2021
    * THIS TRANSACTION, WHICH WAS INCLUDED IN 2023 DEVELOPMENT
PLAN,
WILL ENABLE GROUP TO LEVERAGE ITS CASH FLOW, INCLUDING MONETARY
VALUE OF LAND DEVELOPED BY CBO TERRITORIA, FROM 2022
    * WORK IS SCHEDULED TO START IN EARLY 2022 FOR HANDOVER IN
THE
SECOND HALF OF 2023

Source text for Eikon:  ID:nACT72542 
Further company coverage:  CBOT.PA 

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