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Company Treveria PLC
TIDM TRV
Headline

Investment Update

Released 07:00 12-Feb-2013
Number 6510X07

RNS Number : 6510X
Treveria PLC
12 February 2013
 

Treveria PLC

 

("Treveria" or the "Company")

 

Investment Update Regarding Silo D

 

Treveria (AIM: TRV), the German retail focused real estate investment company, announces that it has reached a consensual agreement with the Servicer, Situs Asset Management Limited, regarding the implementation of a business plan which will involve the orderly disposal of the Silo D property portfolio over time.  Under this agreement the Servicer has also granted an extension to the standstill agreement until 11 June 2013, with the intention to provide four-months rolling extensions moving forward.

 

The Company also announces that Treveria Silo D has appointed CR Investment Management as asset manager for the Silo D asset portfolio, with effect from 1 March 2013. Treveria has committed to cooperate fully with this transition and will be paid 1.80% on each sale as well as a payment today.

 

Treveria Silo D looks forward to working together with the new asset manager and the Servicer in the implementation of the business plan.

 

 

For further information, please contact:

 

IOMA Fund and Investment Management Limited

 

Graham Smith                                                                                                                   +44 (0) 1624 681 250

 

N+1 Singer

 

James Maxwell/Nick Donovan                                                                                  +44 (0) 20 7496 3000

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Investment Update - RNS