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Article: SEGRO PLC - Disposal.
- Article from:
- PR Newswire UK Disclose
- Article date:
- July 3, 2008
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03 July 2008
SEGRO ANNOUNCES EUR60M SALE OF WARSAW OFFICE DEVELOPMENT
Acquired by Commerz Real
SEGRO plc, the leading provider of flexible business space in Europe, has
agreed and completed the sale of Tulipan House, Warsaw, to Commerz Real for EUR59.7m.
The transaction reflects an initial yield of 5.9 per cent, and encompasses
17,898 sq m (192,652 sq ft) of "A" class suburban office space.
In December 2005, SEGRO acquired the site as part of its EUR20m acquisition of
the Central European property development arm of the company Grontmij. Given
the location of the site - in one of the prime Warsaw office areas - the ...