Alpha Pyrenees Trust Limited Gennevilliers Sale Completion (6589T)
October 07 2014 - 7:39AM
UK Regulatory
TIDMALPH
RNS Number : 6589T
Alpha Pyrenees Trust Limited
07 October 2014
7 OCTOBER 2014
ALPHA PYRENEES TRUST LIMITED
("ALPHA PYRENEES" OR THE "TRUST")
ALPHA PYRENEES SELLS GENNEVILLIERS OFFICE INVESTMENT IN THE
PARIS REGION
Alpha Pyrenees has sold an office investment located at
Gennevilliers for EUR7.4 million which is in line with its book
value. The property totals 3,410 square metres and is located on an
established business park 15km north of central Paris and is let
entirely to Husqvarna France on a 9 year lease with a fixed term of
6 years from April 2014.
The purchaser is FRUCTIREGIONS a SCPI managed by NAMI AEW
Europe.
The proceeds from this sale will be held within the cash pooling
arrangement established with the Trust's lenders, Barclays Bank
PLC, to provide security for its loans and working capital for the
Trust's operations.
For further information:
Dick Kingston, Chairman, Alpha Pyrenees Trust Limited 01481 231100
Paul Cable, Fund Manager, Alpha Real Capital LLP 020 7391 4700
For more information on the Trust, please visit
www.alphapyreneestrust.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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