PRESS RELEASE
Date: 18 April 2018
Release: After close of Euronext Amsterdam
Eurocommercial completes sale of four Italian properties
Eurocommercial Properties N.V. today announced it has completed the sale of four of its Italian properties to IGD, an Italian listed real estate company.
Eurocommercial has sold Centro Lame (Bologna), La Favorita (Mantova), Centroluna (Sarzana) and Centro Leonardo (Imola) in a single transaction for€187 million. The price is in line with the latest independent property valuations in June and December 2017.
These disposals are partof Eurocommercial's asset rotation programmewhich has already generated sales of€367 million during the current financial year, with further sales planned. Eurocommercial is reinvesting the proceeds into retail properties which attract the best national and international brands, and offer significant potential for future growth.
Eurocommercial will report its Third Quarter 2017/2018 Results on Friday, 11 May 2018 at 8.00 hours CET.
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About Eurocommercial
Eurocommercial Properties N.V. is a Euronext-quoted property investment company and one of Europe's mostexperienced retail property investors. Founded in 1991, Eurocommercial currently owns and operates 29 retail properties in Belgium, France, Italy, and Sweden with total assets of€4 billion.
www.eurocommercialproperties.com
For more information, please contact:
Jeremy Lewis | Chief Executive | +44 20 7925 7860 |
Evert Jan van Garderen | Finance Director | +31 20 530 6030 |
Roberto Fraticelli | Director | +39 02 760 7591 |
Anna Davies | Director Investor Relations | +44 7789 637 174 |
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Eurocommercial Properties NV published this content on 18 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 April 2018 16:41:05 UTC