Brief: Intervest To Expand A Built-To-Suit Project On Merchtem's Logistics Site

Intervest Offices & Warehouses NV

27/02/2020 18:24

Feb 27 (Reuters) - INTERVEST OFFICES & WAREHOUSES NV
 PRIF.BR :
    * INTERVEST IS EXPANDING ON EXISTING LOGISTICS SITE IN
MERCHTEM
    * DELIVERY OF STRUCTURAL SHELL, INCLUDING TECHNIQUES, IS
SCHEDULED
FOR EARLY JULY
    * 10-YEAR LEASE AGREEMENT TO COMMENCE FOR EXPANSION, TO BE
COMBINED WITH EXTENSION OF EXISTING LEASE AGREEMENT
    * ZEB IS PLANNING TO HAVE ALL OF THIS READY BY THE END OF
AUGUST
    * AS FROM MID-2020, NEW DEVELOPMENT IS ESTIMATED TO GENERATE
RENTAL INCOME OF APPROXIMATELY EUR 400.000 PER YEAR
    * INTERVEST’S TOTAL INVESTMENT FOR EXPANSION AMOUNTS TO
AROUND EUR
6,5 MILLION

Source text for Eikon:  ID:nGNE18Kvbh 
Further company coverage:  PRIF.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587785110;))