News
- Home
- Investment Company News
- Invista European Real Estate : IERE – Annual Report
IERE’s Annual Report as at 30 September 2013 shows a fall in NAV from €0.38 to €0.246. They have €100m of property on the block and are working on renegotiating their bank debt. Disposals and new lettings have reduced the vacancy rate on the portfolio from 24% to less than 20%. The debt was reduced by €57m using the proceeds of property sales but the debt was sold to funds affiliated with Cerberus at the end of 2013. The company has until 30 April 2014 to renegotiate the debt with its new owner.
Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.
Due to data protection policies, USA residents can not access our data.
Your content has been curated