Brief: SRV Sells Three Residential Projects Of 257 Units In Finland

SRV Yhtiot Oyj

09/07/2021 07:53

July 9 (Reuters) - SRV Yhtiot Oyj  SRV1V.HE :
    * SRV SOLD DWS THREE RESIDENTIAL PROJECTS OF 257 UNITS IN
HELSINKI, ESPOO AND KERAVA
    * SRV AND DWS HAVE AGREED ON SALE AND CONSTRUCTION OF THREE
RESIDENTIAL ASSETS TO BE BUILT ON BEHALF OF ONE OF DWS'S
INSTITUTIONAL REAL ESTATE FUNDS
    * CONSTRUCTION IN HELSINKI, ESPOO AND KERAVA WILL BEGIN IN
NEXT
SIX MONTHS
    * COOPERATION AGREEMENT VALUES EUR 82 MILLION
    * PROJECTS ARE RECOGNISED IN ORDER BACKLOG IN PHASES AS
START-UP
DECISIONS ARE MADE
    * PROJECTS WILL BE RECOGNISED AS INCOME OVER A PERIOD OF
SEVERAL
YEARS

Source text for Eikon:  ID:nNDL3kK5zC 
Further company coverage:  SRV1V.HE 

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