Brief: Eastnine Acquires Office Property In Riga, Latvia

Eastnine AB (publ)

25/09/2019 15:03

Sept 25 (Reuters) - Eastnine AB (publ)  EAST9.ST :
    * EASTNINE ACQUIRES OFFICE PROPERTY IN RIGA
    * PURCHASE PRICE AMOUNTS TO EUR 25 MILLION AND TRANSACTION
IS
EXPECTED TO BE CLOSED IN Q4 2019
    * PURCHASE PRICE CORRESPONDS TO EUR 2,900 PER SQUARE METRES
AND AN
INITIAL YIELD OF 6.2 PERCENT
    * IN CONNECTION WITH ACQUISITION, EASTNINE WILL ESTABLISH
ITS OWN
ORGANIZATION IN LATVIA

Source text for Eikon:  ID:nWkr4btFqj 
Further company coverage:  EAST9.ST 

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