Brief: Intervest Offices & Warehouses Signs Letter Of Intent For Development Project In The Netherlands

Intervest Offices & Warehouses NV

31/01/2018 07:00

Jan 31 (Reuters) - Intervest Offices & Warehouses Nv 
 PRIF.BR : 
    * REG-INTERVEST OFFICES & WAREHOUSES: SIGNATURE OF LETTER OF 
INTENT FOR THE DEVELOPMENT OF A LOGISTICS PROJECT OF 
APPROXIMATELY 28.000 M² IN ROOSENDAAL, THE NETHERLANDS 
    * LOGISTICS COMPLEX IS EXPECTED TO BE DELIVERED IN THE 
SECOND HALF 
OF 2019 
    * THE PROJECT WILL BE COMPLETED WITH OR WITHOUT ADVANCE 
RENTAL 
    * ESTIMATED THAT THE BUILDING WILL GENERATE APPROXIMATELY  
1,3 
MILLION IN RENTAL INCOME ON AN ANNUAL BASIS  
    * GROSS INITIAL YIELD WILL VARY BETWEEN 7,25% AND 6,0%, 
DEPENDING 
ON THE DURATION OF THE LEASE AGREEMENT 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nGNE8G612y 
Further company coverage:  PRIF.BR  
 
 (Gdynia Newsroom) 
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