October 2, 2018 / 5:15 AM / 15 days ago

BRIEF-Swiss Prime Site Buys Three Properties In Zurich/Worblaufen

Oct 2 (Reuters) - SWISS PRIME SITE AG:

* ACQUISITION OF THREE PROPERTIES IN ZURICH/WORBLAUFEN

* TOTAL FAIR VALUE OF ACQUIRED BUILDINGS IS APPROXIMATELY CHF 221 MILLION

* DIVESTMENT OF JOINT OWNERSHIP IN SIHLCITY (24.2%) AND REDUCTION OF RETAIL QUOTA WITHIN PORTFOLIO

* SIHLCITY IS 100% OWNED BY REAL ESTATE INVESTMENT VEHICLES OF CREDIT SUISSE ASSET MANAGEMENT

* FAIR VALUE OF SHARE BEING DIVESTED BY SWISS PRIME SITE IMMOBILIEN IS AROUND CHF 198 MILLION Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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