Brief: Home Invest Belgium To Acquire 100% Shares In The Ostrov NV

Home Invest Belgium SA

21/05/2021 16:58

May 21 (Reuters) - HOME INVEST BELGIUM SA  HINV.BR :
    * HOME INVEST BELGIUM ACQUIRES SECOND PROJECT IN HEART OF
ANTWERP
    * AFTER EXPIRATION OF THE LEASE, THE PROPERTY WILL BE
REDEVELOPED
INTO A RESIDENTIAL PROJECT WITH ABOUT 30 RESIDENTIAL UNITS
    * HAS REACHED AN AGREEMENT TO ACQUIRE 100% OF SHARES IN
OSTROV NV,
THE COMPANY THAT OWNS THE BUILDING LOCATED AT 9 ANKERRUI IN
ANTWERP
    * CONDITIONS PRECEDENT SHOULD BE SATISFIED, AND THE
TRANSACTION
COMPLETED IN THE SECOND HALF OF 2021
    * SHARE PRICE OF THE COMPANY IS BASED ON AN INVESTMENT VALUE
OF
THE EXISTING OFFICE BUILDING OF APPROXIMATELY €10 MILLION
    * BUILDING WILL BE LET AS OFFICE SPACE UNDER A FIXED-TERM
LEASE,
WITH A CONTRACTUALLY STIPULATED ANNUAL RENT OF €648,000

Source text: https://bit.ly/3bKceIC
Further company coverage:  HINV.BR 

 (Gdansk Newsroom)
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