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BRIEF-Accelerate Property Fund announces ‍proposed acquisition of offshore light industrial and logistics property portfolio​
November 20, 2017 / 8:19 AM / in 24 days

BRIEF-Accelerate Property Fund announces ‍proposed acquisition of offshore light industrial and logistics property portfolio​

Nov 20 (Reuters) - ACCELERATE PROPERTY FUND LTD:

* ‍PROPOSED ACQUISITION OF AN OFFSHORE LIGHT INDUSTRIAL AND LOGISTICS PROPERTY PORTFOLIO​

* ‍ACQUISITION OF 100% OF ISSUED SHARE CAPITAL OF THREE SPECIAL PURPOSE VEHICLES (SPVS) FOR AGGREGATE PURCHASE CONSIDERATION OF EUR 41.9 MILLION

* TRANSACTION ‍IS EXPECTED TO BE ACCRETIVE TO APF‘S CURRENT FORWARD DISTRIBUTION YIELD​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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