PropertyEU

MOT sells Frankfurt property for EUR 39m

By A staff reporter 2010-01-14T00:00:00

Macquarie Office Trust has agreed terms to sell its Frankfurt property for EUR 39.5 mln (A$61.7 mln). MOT said the sale would contribute further to the Trust''s liquidity and eliminate the need for the Sydney-listed trust to inject EUR 3.8 mln into the loan facility for this property.

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