Investa Office Fund to Sell its Stake in Brussels' Bastion Tower
16 December 2014 - 9:53AM
Dow Jones News
By Robb M. Stewart
MELBOURNE, Australia--Real-estate investment trust Investa
Office Fund (IOF.AU) has agreed to sell its 50% interest in the
Bastion Tower in Brussels for EUR54.9 million (US$68.3
million).
The company said Tuesday it anticipates net proceeds from the
sale of EUR15.3 million, which it plans to reinvest in order to
bolster its position in Australia's business districts.
Settlement of the sale is scheduled for February, it said.
Write to Robb M. Stewart at robb.stewart@wsj.com
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