Brief: Varia US Properties Acquires Three Properties Portfolio For $87 Million
29/01/2021 05:55
Jan 29 (Reuters) - Varia US Properties AG VARN.S :
* THREE PROPERTIES PORTFOLIO FOR USD 87 MILLION IN
INDIANAPOLIS
ACQUIRED
* FINISHED REINVESTMENT OF PROCEEDS FROM SALE OF CARDINAL
PORTFOLIO AND STARTED TO DEPLOY PROCEEDS OF CAPITAL INCREASE
FROM DECEMBER 2020.
* ON JANUARY 27, COMPANY ACQUIRED A THREE PROPERTIES
PORTFOLIO IN
INDIANAPOLIS (INDIANA) FOR USD 87 MILLION.
* EXPECTED CASH-ON-CASH RETURN OF PORTFOLIO IS DEEMED TO BE
CONSERVATIVELY ABOVE 10% ON A 10 YEAR HOLDING PERIOD.
Source text for Eikon: ID:nNDLbJbpXs
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