Brief: VGP NV Announces Closing Of Seed Portfolio With New Joint Venture Partner Deka Immobilien

VGP NV

31/08/2023 17:03

Aug 31 (Reuters) - VGP NV  VGP1.BR :
    * ANNOUNCES CLOSING OF SEED PORTFOLIO WITH NEW JOINT VENTURE
PARTNER DEKA IMMOBILIEN
    * ACQUISITION PRICE FOR SEED PORTFOLIO CORRESPONDS TO A
GROSS
ASSET VALUE OF OVER EUR 700 MILLION, RESULTING IN A CASH
RECYCLING FOR VGP OF OVER EUR 450 MILLION.
    * FURTHER TWO CLOSINGS WITH FIFTH JOINT VENTURE ARE SET FOR
1Q24
AND 3Q24, RESULTING A TOTAL GROSS ASSET VALUE OF OVER EUR 1.1
BILLION AND CASH RECYCLING FOR VGP OF OVER EUR 700 MILLION FOR
THREE TRANSACTIONS COMBINED

Source text for Eikon:  ID:nGNE8kvK5W 
Further company coverage:  VGP1.BR 

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