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Treveria PLC  -  TRV   

Investment Update

Released 07:00 12-Feb-2013

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


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Investment Update - RNS