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
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* 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.
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End of Media Release
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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
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1931823 24.06.2024 CET/CEST