European Real Estate : ERET – sells industrial park

ERET has sold its largest investment, Europort (an industrial park in Frankfurt) for a figure between €49.5m and €51m – depending on the timing of the completion of the transaction. at the lower end this is 11% below their estimate of the property’s valuation at the end of June. the proceeds will be used to repay the company’s debt to Lloyds Banking Group.

James Carthew
Written By James Carthew

Head of Investment Company Research

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