Intervest Retail sells asset for EUR 10m below book price

By A staff reporter 2007-11-21T00:00:00

Belgian property investment fund Intervest Retail has sold its factory outlet centre in Messancy, Luxembourg for EUR 12 mln. The management of the fund said that it expects the sale will strongly improve Intervest Retail's operating result despite the fact that the sale price was EUR 10.5 mln below the ...

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