Brief: Eurocommercial Properties: Disposal Of Retail Park In Sweden, Based On Sale Price Of EUR 41.1 mln

Eurocommercial Properties NV

02/10/2020 07:04

Oct 2 (Reuters) - Eurocommercial Properties NV  SIPFc.AS :
    * DISPOSAL OF A RETAIL PARK IN SWEDEN AT BOOK VALUE
    * TRANSACTION HAS BEEN BASED ON A SALE PRICE OF SEK 431
MILLION
(€41.1 MILLION), WHICH IS EQUAL TO THE LATEST INDEPENDENT
VALUATION OF THE PROPERTY AS PER 30 JUNE 2020.
    * EXPECTS OTHER DISPOSALS TO FOLLOW
    * COMPLETION TOOK PLACE ON 30 SEPTEMBER 2020 AND THE
PROCEEDS ARE
HELD AS CASH AT THE BALANCE SHEET DATE
    * EXPECT THE RENT COLLECTION PERCENTAGES FOR Q2 AND Q3 TO
FURTHER
IMPROVE AS RENT WILL STILL BE COLLECTED IN THE COMING PERIOD DUE
TO PAYMENTS IN ARREARS

Source text for Eikon:  ID:nGNE8BVDQ 
Further company coverage:  SIPFc.AS 

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