November 29, 2016 / 8:01 AM / in a year

BRIEF-Merlin sells retail asset in Paris for 58.5 mln euros

Nov 29 (Reuters) - Merlin Properties SOCIMI :

* Sells Grande Armee, a retail asset, in Paris to Deka Immobilien Gmbh for 58.5 million euros ($62.0 million)

* Proceeds will be used for core activities and to reduce leverage Further company coverage: ($1 = 0.9437 euros) (Gdynia Newsroom)

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