Brief: Immo Moury: Conflict Of Interest Linked To Acquisition Of Marexhe Building
13/01/2020 09:50
Jan 13 (Reuters) - IMMO MOURY SCA IMMOU.BR :
* ANNOUNCED ON FRIDAY BOARD OF DIRECTORS OF MOURY MANAGEMENT
SA,
SOLE STATUTORY MANAGER OF IMMO MOURY SCA, INFORMS THAT ITS
DIRECTOR, MR. GILLES-OLIVIER MOURY, IS IN A SITUATION OF
CONFLICT OF INTEREST IN CONNECTION WITH THE ACQUISITION OF THE
MAREXHE BUILDING
* IMMO MOURY PLANS TO BUY MAREXHE BUILDING (BLOCK A) IN
HERSTAL,
BUILT BY THE COMPANY "LES ENTREPRISES GILLES MOURY"
* ACQUISITION OF BUILDING AND CAR PARKS OF MAREXHE FROM
ENTREPRISES GILLES MOURY SA IS ESTIMATED TO BE FOR EUR 1.7 MLN
* THIS WILL GIVE AN INITIAL YIELD OF THE PROPERTY OF 4.33%
ON
TOTAL ACQUISITION VALUE EXCLUDING COSTS (INCLUDING LAND)
* ACQUISITION ALLOWS IMMO MOURY TO INCREASE ITS REAL ESTATE
PORTFOLIO AND ENSURE LONG-TERM RENTAL INCOME (18-YEAR FIRM
LEASE) WHILE MAINTAINING SECTOR AND GEOGRAPHIC DIVERSIFICATION
* TRANSACTION WILL BE DETAILED IN THE 2019-2020 ANNUAL
REPORT AS
WELL AS PRESENTED TO THE GENERAL MEETING APPROVING FINANCIAL
STATEMENTS AT MARCH 31, 2020
Source text for Eikon: urn:newsml:reuters.com:*:nNDL8LykSf
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