September 4, 2014 / 7:27 AM / 3 years ago

BRIEF-Wereldhave sells entire Spanish portfolio for 99.5 mln euro

Sept 4 (Reuters) - Wereldhave Nv :

* Wereldhave sells entire Spanish portfolio and exits Spain

* Agreement has been reached with Axia real estate on the disposal of the portfolio for 99.5 mln euro gross

* Pact includes additional earn out mechanism based on performance of portfolio, that could provide further upside between 0 euro - 2.5 mln euro to materialise in 2014/2015 Further company coverage:

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