Alpha Tiger Property Trust Limited : 2012-03-30 Exercise of H2O option
03/30/2012| 06:14am US/Eastern
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30 March 2012
ALPHA TIGER PROPERTY TRUST LIMITED ("ALPHA TIGER" OR THE
"COMPANY") EXERCISE OF OPTION OVER H2O SHOPPING CENTRE
("H2O")
Alpha Tiger announces that it has agreed to exercise its call
option which will result in the Company owning 100% of H2O.
The initial €14.7 million investment in H2O was announced on
1 April 2010, and extensions to the option arrangements were
subsequently announced on 23 October 2010 and 25
July 2011.
Alpha Global Property Securities Fund Pte Ltd ("Alpha
Global") initially invested €1.5 million. The
Company will pay €2.1m to Alpha Global in accordance with the
option arrangements.
Alpha Global is a wholly owned subsidiary of the Company's
investment manager, Alpha Real Capital
LLP.
The transaction is expected to complete by June 2012.
For further information please contact: Alpha Tiger Property
Trust Limited
David Jeffreys, Chairman, Alpha Tiger +44 (0)1481 735 540
Brad Bauman, Joint Fund Manager Alpha Tiger +44 (0)7786 875
944
Panmure Gordon, Broker to the Company
Richard Gray/Andrew Potts +44 (0)20 7459 3600
Further information is available at www.alphatigerpropertytrust.com
Registered office Isabelle Chambers Route
Isabelle
St Peter Port
Guernsey
Alpha Tiger Property Trust Limited is advised by Alpha Real
Capital LLP, which is authorised and regulated by the
Financial Services Authority in the United Kingdom.
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This press release was issued by Alpha Tiger Property Trust Ltd. and was initially posted at http://www.alphatigerpropertytrust.com/media/PR12/2012-03-30 ATPT Exercise of H2O option.pdf . It was distributed, unedited and unaltered, by noodls on 2012-03-30 11:50:15 AM. The issuer is solely responsible for the accuracy of the information contained therein.
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