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BRIEF-Argan invested 88 million euros in 2016
December 13, 2016 / 6:03 PM / 8 months ago

BRIEF-Argan invested 88 million euros in 2016

Dec 13 (Reuters) - Argan SA :

* Announces that has invested 88 million euros ($93.47 million) in development during the year 2016, representing 85,000 square meters, generating 6.6 million euros in annual rents for a rental yield of 7.5%

* At the end of 2016, the property portfolio of the property company amounted to 1,370,000 square meters, with an improvement in the occupancy rate from 98 pct to 99 pct Source text for Eikon: Further company coverage: ($1 = 0.9414 euros) (Gdynia Newsroom)

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