fbpx

Invista European Real Estate Trust : IERE – interims

Invista European Real Estate Trust has published its interim accounts. These cover the six months ended 31 March 2014. The net asset value fell from €0.25 to €0.20 over the period reflecting a 5.3% fall in the value of the company’s property portfolio. Four assets were sold during the period at a 15.6% discount to previous valuation level and thirteen other assets are being marketed currently. Vacancy rates in the portfolio fell from 19.8% to 15.6%.

Invista European Real Estate Trust repaid €14.7m of debt during the period and renegotiated its debt facilities.

Leave a Reply

Your email address will not be published. Required fields are marked *