Brief: VGP, Deka Immobilien Complete Third And Final Closing In 50:50 "Red" Joint Venture

VGP NV

19/08/2024 06:09

Aug 19 (Reuters) - VGP NV  VGP1.BR :
    * VGP AND DEKA IMMOBILIEN COMPLETE THIRD AND FINAL CLOSING 
IN
50:50 ‘RED’ JOINT VENTURE
    * THIRD TRANSACTION CONSISTS OF EUR 103.5 MILLION OF GROSS
ASSET
VALUE AND WITH TRANSACTION VGP WILL GENERATE EUR 68 MILLION IN
NET CASH PROCEEDS
    * BUILDING IS LOCATED IN VGP PARK MAGDEBURG AND IS FULLY
LEASED TO
RHENUS
    * TRANSACTION INCLUDES A LOGISTICS BUILDING DEVELOPED IN A
PARK
THAT WAS TRANSFERRED TO JOINT VENTURE IN FIRST CLOSING
    * AT TIME, THIS ASSET WAS STILL UNDER CONSTRUCTION

Source text for Eikon:  ID:nGNE6T3rz7 
Further company coverage:  VGP1.BR 

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