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BRIEF-Arcona Property Fund Reaches Agreement For Sale Of Drahobejlova 27 Building In Prague To Czech Medical Chamber ‍​
November 27, 2017 / 7:48 AM / 18 days ago

BRIEF-Arcona Property Fund Reaches Agreement For Sale Of Drahobejlova 27 Building In Prague To Czech Medical Chamber ‍​

Nov 27 (Reuters) - ARCONA PROPERTY FUND NV:

* REACHES AGREEMENT FOR SALE OF DRAHOBEJLOVA 27 BUILDING IN PRAGUE TO THE CZECH MEDICAL CHAMBER ‍​

* PRICE OF EUR 3.79 MILLION, CA. 100 PERCENT ABOVE EXTERNAL TAXATION VALUE OF AT END 2016‍​

* EXPECTS TO ROUND OFF SALE IN Q1 OF 2018

* INTRINSIC VALUE PER SHARE INCREASES BY 3.8 PERCENT AFTER THIS SALE Source text: bit.ly/2Bf2WQk Further company coverage: (Gdynia Newsroom)

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