Brief: WEB Confirms Intention To Acquire Shares Of Two Real Estate Companies

Warehouses Estates Belgium SA

27/11/2019 16:50

Nov 27 (Reuters) - WAREHOUSES ESTATES BELGIUM SCA  WARB.BR :
    * BOARD OF DIRECTORS HAS CONFIRMED ON NOV 25 ITS INTENTION
TO
ACQUIRE ALL THE SHARES OF TWO REAL ESTATE COMPANIES
    * ONE GENERATING AN ANNUAL RENTAL INCOME OF MORE THAN EUR 1
MILLION  WITH A FIRM LEASE OF 111 MONTHS
    * ONE GENERATING AN ANNUAL RENTAL INCOME OF MORE THAN
300.000 €
WITH A FIRM LEASE OF 9 YEARS
    * SHARE DEAL OPERATIONS EXPECTED TO END IN JAN 2020
    * CUMULATIVE INVESTMENT AMOUNTS OF THESE ACQUISITIONS
REPRESENT
ABOUT 7.5% OF TOTAL CURRENT BALANCE SHEET OF WEB SCA

Source text for Eikon:  ID:nNDL2F9dFN 
Further company coverage:  WARB.BR 

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