Brief: PSP Swiss Property Purchases Three Adjacent Commercial Buildings

PSP Swiss Property AG

24/09/2020 06:08

Sept 24 (Reuters) - PSP SWISS PROPERTY AG  PSPN.S :
    * ACQUIRES THREE ATTRACTIVE COMMERCIAL BUILDINGS IN GENEVA'S
PRIME
DOWNTOWN LOCATION.
    * EBITDA FORECAST FOR FY2020 HAS BEEN IMPROVED.
    * PSP SWISS PROPERTY PURCHASES THREE DIRECTLY ADJACENT
COMMERCIAL
BUILDINGS IN CBD OF GENEVA FOR CHF 295 MILLION (PLUS TRANSACTION
COSTS)
    * OUTLOOK 2020: INCREASED EBITDA EXCLUDING GAINS/LOSSES ON
REAL
ESTATE INVESTMENTS OF AROUND CHF 270 MILLION IS NOW EXPECTED

Source text for Eikon:  ID:nFWN2GK10J 
Further company coverage:  PSPN.S 

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