Brief: Lamda Development Announces Sale Of 100% Stake In Lamda Ilida Office

Prodea Real Estate Investment SA

06/05/2021 07:46

May 6 (Reuters) - Lamda Development SA  LMDr.AT :
    * ANNOUNCES SALE OF 100% STAKE IN LAMDA ILIDA OFFICE TO
PRODEA
INVESTMENTS
    * SALE WILL BE COMPLETED FOLLOWING FULFILLMENT OF SPECIFIC
CONDITIONS WITH DEADLINE SET ON SEPT. 30 2021
    * PRICE CONSIDERATION WILL BE EQUAL TO NAV OF LAMDA ILIDA
OFFICE
AT THE TIME OF COMPLETION OF THE TRANSACTION
    * TRANSACTION WILL BENEFIT LAMDA AT A GROUP LEVEL THROUGH
REDUCTION OF CONSOLIDATED BORROWING OBLIGATIONS BY EUR 39.1
MILLION

Source text: https://bit.ly/3uqhJ6T
    
Further company coverage:  LMDr.AT 

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