October 6, 2016 / 7:11 AM / in a year

BRIEF-Lar Espana's management company reduces its fee

Oct 6 (Reuters) - Lar Espana Real Estate SOCIMI SA :

* Says that upon reaching a gross asset value of more than 1 billion euros ($1.12 billion) its managing company Grupo Lar Inversiones Inmobiliarias SA proposed to reduce a management fee

* The base management fee will correspond to 1.25 percent of net asset value (NAV) up to 600.0 million euros plus 1.0 percent of NAV above 600.0 million euros

Source text for Eikon:

Further company coverage:

$1 = 0.8933 euros Gdynia Newsroom

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