Brief: Eurocommercial Properties: Further 55.3 Million Euros Of Asset Disposals

Eurocommercial Properties NV

18/12/2020 06:51

Dec 18 (Reuters) - EUROCOMMERCIAL PROPERTIES NV  SIPFc.AS :
    * ANNOUNCED ON THURSDAY FURTHER EUR 55.3 MILLION OF ASSET
DISPOSALS IN FRANCE AND SWEDEN
    * SOLD LES TROIS DAUPHINS IN GRENOBLE TO CREDIT AGRICOLE SUD
RHÔNE
ALPES  CRSU.PA  AND SA DELTAGER, WHO ARE BOTH PART OF CREDIT
AGRICOLE GROUP  CAGR.PA 
    * TRANSACTION IS EXPECTED TO CLOSE AT END OF Q1 2021
    * SOLD BRONSEN RETAIL PARK LOCATED OUTSIDE NORRKÖPING IN
SWEDEN TO
SERENA PROPERTIES (OWNED BY BALDER  BALDb.ST ), VARMA AND REDITO
    * TRANSACTION WAS CLOSED ON DEC 17 AND PROCEEDS WERE USED TO
REPAY
BANK LOAN AND FOR WORKING CAPITAL PURPOSES
    * RENEWED TWO LOANS FOR COMBINED EUR 60 MILLION
    * FOLLOWING THESE TWO RENEWALS, CO HAS EUR 110 MILLION OF
LONG
TERM LOANS EXPIRING IN 2021 (ABOUT 6% OF CURRENT LOAN BOOK)
    * CO IS ALREADY IN ACTIVE NEGOTIATIONS ON THESE LOANS AND
EXPECTS
TO RENEW THEM IN H1 2021

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nNDL4xbJcR
    
 Further company coverage:  SIPFc.AS  
   


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