Brief: Cofinimmo Divests The Loi/Wet 57 Office Building In Brussels

Cofinimmo SA

31/05/2023 06:36

May 31 (Reuters) - Cofinimmo SA  COFB.BR :
    * COFINIMMO DIVESTS THE LOI/WET 57 OFFICE BUILDING
    * THE PROCEEDS AMOUNT TO APPROXIMATELY 36 MILLION EUR.
    * CEO OF COFINIMMO: “THIS TRANSACTION IS FULLY IN LINE WITH
OUR
OVERALL STRATEGY OF REBALANCING  OUR PORTFOLIO AND DEMONSTRATES
OUR ABILITY TO PERFORM ASSET ARBITRAGES.”
    * ON 30.05.2023, COFINIMMO OFFICES SA/NV, A WHOLLY-OWNED
SUBSIDIARY OF COFINIMMO (EURONEXT BRUSSELS:  COFB), SIGNED THE
NOTARIAL DEED RELATING TO THE GRANTING OF A 99-YEAR LEASEHOLD
RIGHT ON THE OFFICE BUILDING
    * CUMULATIVE AMOUNT OF DIVESTMENTS ALREADY CARRIED OUT SINCE
01.01.2023 (APPROXIMATELY 100 MILLION EUR) AND THOSE ALREADY
SIGNED AND EXPECTED TO BE CLOSED BY THE END OF THE FINANCIAL
YEAR NOW AMOUNTS TO APPROXIMATELY 160 MILLION EUR

Source text: https://tinyurl.com/527h5ah3
Further company coverage:  COFB.BR 

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