Brief: Intervest Offices & Warehouses Sells Two Sites

Intervest Offices & Warehouses NV

12/12/2019 17:51

Dec 12 (Reuters) - Intervest Offices & Warehouses NV
 PRIF.BR :
    * REG-INTERVEST OFFICES & WAREHOUSES ROTATES ASSETS BY
SELLING
LOGISTICS SITES IN HOUTHALEN AND OUDSBERGEN
    * TOTAL NET SALES PRICE OF € 63 MILLION
    * WAREHOUSES REPRESENT 6% OF INTERVEST’S PORTFOLIO FAIR
VALUE
    * WAREHOUSES GENERATE AN ANNUAL RENTAL INCOME OF
APPROXIMATELY €
2,6 MILLION
    * AFTER DIVESTMENT, THE OCCUPANCY RATE OF INTERVEST’S
LOGISTICS
PORTFOLIO WILL AMOUNT TO 97%
    * RECEIVED A ONE-OFF TERMINATION INDEMNITY FOLLOWING THE
DEPARTURE
OF THE TENANT MEDTRONIC IN OUDSBERGEN OF € 5,9 MILLION IN THE
FIRST HALF OF 2019
    * AS A RESULT OF THIS TRANSACTION THE DEBT RATIO OF
INTERVEST WILL
DECREASE WITH APPROXIMATELY 4 PERCENTAGE POINTS

Source text for Eikon:  ID:nGNE6Jt6mD 
Further company coverage:  PRIF.BR 

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