Key Developments: Invista European Real Estate Trust Sicaf SA (IERE.L)

IERE.L on London Stock Exchange

2.10GBp
23 Oct 2014
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Latest Key Developments (Source: Significant Developments)

Invista European Real Estate Trust Sicaf SA completes sale of logistics asset
Thursday, 7 Aug 2014 01:00pm EDT 

Invista European Real Estate Trust Sicaf SA:Completed the sale of a logistics asset located in Alovera, Spain.The sale was achieved at a price that was in line with the latest valuation of the property, at 12.2 million Euros.  Full Article

Invista European Real Estate Trust declares interim dividend
Friday, 29 Nov 2013 02:00am EST 

Invista European Real Estate Trust Sicaf SA:Says declares interim dividend of 0.04488 pounds per Preference Share for the period June 22 - Dec. 20.Says the dividend will be paid on Dec. 20.Says record date is Dec. 6 and ex-dividend date is Dec. 4.  Full Article

Invista European Real Estate Trust Sicaf SA Completes Sale Of Three Logistics Assets In France
Thursday, 7 Nov 2013 11:36am EST 

Invista European Real Estate Trust Sicaf SA announced that it has completed the sale of three logistics assets located in Amiens, France. The sale was achieved at a net sale price of EUR1.1 million which represents a 50% discount to 30 September 2013 valuation. The proceeds were used to repay EUR1.1 million in outstanding debt and close the associated swap contract. As the 9,626 sqm of logistics space was mostly vacant, this disposal reduces the Fund's overall void rate, calculated as vacant ERV expressed as a percentage of total potential rent, from 19.8% (as at September 30, 2013) to a figure of 18.9%. It also reduces non recoverable and debt service costs by EUR0.18m per year. he sale exemplifies the Company's active commitment to improving the quality of its portfolio by selling vacant assets and maximising net operating income.  Full Article

Invista European Real Estate Trust Sicaf SA Completes The Sale Of A Vacant Logistics Asset In France
Monday, 29 Jul 2013 02:00am EDT 

Invista European Real Estate Trust Sicaf SA announced that it has completed the sale of a logistics asset in France. The sale was achieved at a net sale price of EUR3.5 million which represents a 3.4% discount to June 30, 2013 valuation. The proceeds were used to repay EUR3.2 million in outstanding debt and close the associated swap contract.  Full Article

Invista European Real Estate Trust Sicaf SA Declares Interim Preference Share Dividend
Friday, 31 May 2013 02:00am EDT 

Invista European Real Estate Trust Sicaf SA announced that the directors have declared the Interim dividend, in respect of the period from December 22, 2012 to the payment date of June 21, 2013. This interim dividend of GBP0.04488 per Preference Share will be paid on June 21, 2013 to Preference Shareholders on the Register on June 14, 2013. The shares will be quoted ex-dividend on June 12, 2013.  Full Article

Invista European Real Estate Trust Sicaf SA Completes Sale of Office Asset in Grenoble, France
Tuesday, 5 Feb 2013 02:00am EST 

Invista European Real Estate Trust Sicaf SA announced that it has completed the sale of a 4,829 sqm office building in Grenoble, France to Midi2I for a sale price at 31 December 2012 valuation. The sale has enabled the Company to deleverage €6.0 million of outstanding debt and generate net cash proceeds of €420,000. This sale is a further step in executing the Company's strategy to realise the property portfolio and reduce the senior loan facility with Lloyds Banking Group.  Full Article

Invista European Real Estate Trust Sicaf SA Completes Sale Of Lutterberg Logistics Distribution Centre In Germany For Gross Sale Price Of EUR31,775,000
Friday, 7 Dec 2012 02:00am EST 

Invista European Real Estate Trust Sicaf SA announced that it has completed the sale of a 53,895 sqm logistics distribution centre in Lutterberg, Germany to an institutional investor on November 30, 2012. As previously announced on October 15, 2012, the Company exchanged contracts for the sale of Lutterberg on September 28, 2012. Completion was subject to certain conditions precedent which have now been finalised. The asset sale price of EUR29.5 million reflects a 3.6% discount to June 30, 2012 valuation and is net of a cash incentive payment that was provided to the tenant Deutsche Post Immobilien GmbH ("DPI") to extend the lease for an additional five years.  Full Article

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