PropertyEU

Derwent London sellls three properties for EUR 258m

By A staff reporter 2007-07-16T00:00:00

Derwent London is selling three non-core assets which were acquired through the merger with London Merchant Securities last February. The transaction price comes to £175 mln (EUR 258 mln), before disposal costs. Derwent said 'the deal achieved £91.8 mln above the properties' book value of £83.2 mln.'

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