Tel Aviv-listed Delek Real Estate plans to sell EUR 245 mln worth of properties in the UK, Canada, Sweden and Israel to meet its debt redemption requirements in the next three years. The company expects that the quality of the tenants in the properties and the length of the rental contracts will enable it to sell the properties at about book value. The portfolio would include Britain's RoadChef, which has a market value of around £150 mln (EUR 168 mln), as well as an office building in Stockholm.
Tel Aviv-listed Delek Real Estate plans to sell EUR 245 mln worth of properties in the UK, Canada, Sweden and Israel to meet its debt redemption requirements in the next three years. The company expects that the quality of the tenants in the properties and the length of the rental contracts will enable it to sell the properties at about book value. The portfolio would include Britain's RoadChef, which has a market value of around £150 mln (EUR 168 mln), as well as an office building in Stockholm.
