Brief: Eurocommercial in negotiations to acquire Woluwe shopping centre in Brussels

Eurocommercial Properties

16/10/2017 16:48

Oct 16 (Reuters) - EUROCOMMERCIAL PROPERTIES NV  SIPFc.AS : 
    * EUROCOMMERCIAL IN NEGOTIATIONS TO ACQUIRE PREMIER 
BRUSSELS' SHOPPING CENTRE 
    * OVERALL GROSS INVESTMENT AMOUNT INCLUDING REGISTRATION TAX 
WILL BE AROUND EUR 468 MLN 
    * OVERALL GROSS INVESTMENT AMOUNT WILL GIVE AN INITIAL YIELD 
OF JUST UNDER 4% 
    * EXPECTS SIGNING OF PURCHASE AGREEMENT BY THE END OF 
NOVEMBER 
    * COMPLETION AND PAYMENT EXPECTED IN Q1 OF 2018 
 
Source text for Eikon:  ID:nGNE3z6bQ9  
Further company coverage:  SIPFc.AS  
 
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