Brief: Leasinvest Real Estate Sells Part Of Belgium Business Park

Nextensa NV

26/02/2021 16:54

Feb 26 (Reuters) - Leasinvest Real Estate Comm VA  LNRE.BR :
    * REG-LEASINVEST REAL ESTATE SCA SELLS THE SEMI-INDUSTRIAL
PART OF
THE BRIXTON BUSINESS PARK IN ZAVENTEM
    * BUYER IS AN AFFILIATE OF EXETER PROPERTY GROUP. KNIGHT
FRANK
ACTED AS BROKER IN THIS TRANSACTION.
    * BRIXTON BUSINESS PARK COMPRISES 5 SEMI-INDUSTRIAL
BUILDINGS WITH
A TOTAL AREA OF 18,788 SQM
    * REALIZED CAPITAL GAIN ON THIS TRANSACTION HAS ALSO ALLOWED
LEASINVEST TO EXPEDITE REIMBURSEMENT OF PART OF OUR DERIVATIVES
PORTFOLIO, THUS FURTHER REDUCING AVERAGE FINANCING COST
FOLLOWING EARLIER REPAYMENT OF DECEMBER 2020
    * DIVESTMENT FAVORABLE FINANCIAL EFFECTS: DEBT RATIO NOW
REDUCE TO
TARGETED LEVEL OF LESS THAN 55%

Source text for Eikon:  ID:nGNE6WhQ3n 
Further company coverage:  LNRE.BR 

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