24.06.2024 17:45:54 - dpa-AFX: EQS-News: Investis Group successfully completes the sale of the Real Estate Service segment (english)

Investis Group successfully completes the sale of the Real Estate Service
segment


   INVESTIS Holding SA / Key word(s): Disposal
   Investis Group successfully completes the sale of the Real Estate
   Service segment
   24.06.2024 / 17:45 CET/CEST
     ____________________________________________________________


   
     * Focusing on direct property investments
     * Proceeds to be used for real estate acquisitions


   Investis announces this evening the successful completion of the
   sale the entire Real Estate Services segment to the Finnish PHM
   Group TopCo Oy's subsidiary PHM Group Oy. The enterprise value
   amounts to CHF 240 million. Upon completion Investis acquires a
   minority stake in PHM Group TopCo Oy totalling EUR 51.3 million.
   Stéphane Bonvin, CEO of the Investis Group, has been elected to
   the Board of Directors of the PHM Group.


   Investis will focus on expanding its property portfolio in
   future. Purchase agreements for CHF 201 million with a target
   gross rental income of CHF 12.5 million have already been signed.
   Completion of these property purchases is scheduled for the
   coming weeks.


   The sale of the Real Estate Services business will significantly
   increase equity. Even after these property acquisitions totaling
   CHF 201 million, the LTV (loan-to-value) is expected to be
   slightly below the 26% as per 31.12.2023.


____________________________________________________________

   End of Media Release
     ____________________________________________________________


   Language:    English
   Company:     INVESTIS Holding SA
                Neumühlequai 6
                8001 Zürich
                Switzerland
   Phone:       +41 58 201 7242
   E-mail:      laurence.bienz@investisgroup.com
   ISIN:        CH0325094297
   Listed:      SIX Swiss Exchange
   EQS News ID: 1931823



   End of News EQS News Service
     ____________________________________________________________


1931823 24.06.2024 CET/CEST
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
INVESTIS N A2AMF1 Schweiz 99,600 28.06.24 13:15:28 -0,400 -0,40% 99,400 99,800 100,500 100,000

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