Terreïs : Financial terms of the divestment of the portfolio of € 1.7bn and the public buyback offer
>Financial terms of the portfolio divestment and the planned public buyback offer - Terreïs had announced on 12 February 2019 at the time of its full-year results, the divestment of a portfolio of 28 real-estate assets to Swiss Life AG for € 1.7bn excluding fees and equating to a premium of 7% to the appraisal value at end-2018 (the “divestmentâ€). Management set out on Friday, in a press release, the financial terms of the disposal as well as those of the planned...Terreis a property management company. Co. specializes in acquiring, managing or building properties which generate rental income. Co.'s portfolio consists mainly of office and retail premises essentially located in Paris, France. For commercial premises, priority is given to properties with uncapped rent (travel agencies, estate agencies, professional practices) located in the main commercial districts right in the heart of the city center. For offices, Co. excludes high-rise buildings from its portfolio. In Paris, priority is given to historic properties in a prime location.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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