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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| European Real E | LSE:ERET | London | Ordinary Share | GG00BF4GC916 | PART PREF SHS NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 190.00 | 180.00 | 200.00 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Jan 2020 to Jan 2025
TIDMERET
RNS Number : 6144D
European Real Estate Inv Tst Ltd
08 July 2016
European Real Estate Investment Trust Limited
8 July 2016
Valuation Announcement
The Board of European Real Estate Investment Trust Limited (the "Group") announces the valuation of the Group's property portfolio as at 30 June 2016.
The value of the property portfolio as at 30 June 2016 was EUR31.85 million. This compares, on a like-for-like basis to a 31 December 2015 value of EUR31.83 million, an increase of 0.1%.
The valuations are provided by the independent valuer (CBRE) in accordance with the Royal Institution of Chartered Surveyors (RICS) Appraisal and Valuation Standards and show the "Market Value" assuming an asset sale of each property and allow for acquisition costs incurred by purchasers.
The independent valuers, CBRE, have included the following comment in their valuation as at 30 June 2016:
"Following the Referendum held on 23 June 2016 concerning the UK's membership of the EU, a decision was taken to exit. It is not clear to what extent other EU markets will be affected by this decision and we will be monitoring the markets closely. We recommend that the valuation is kept under regular review."
This announcement is not a preliminary statement of the Group's half year interim results. The financial information contained herein is not audited and is subject to change. The Group expects to publish its interim results for the half year ended 30 June 2016 in August 2016.
For further information, please contact:
Praxis Fund Services Limited
Shona Darling Phone: +44(0) 1481 755528
Cenkos Securities plc
Will Rogers Phone: +44 (0) 20 7397 1920 Sapna Shah Phone: +44 (0) 20 7397 1922
Schroder Property Investment Management Ltd
Duncan Owen / Tony Smedley Phone: +44(0) 20 7658 6000
This information is provided by RNS
The company news service from the London Stock Exchange
END
PFUEANXXEADKEFF
(END) Dow Jones Newswires
July 08, 2016 02:00 ET (06:00 GMT)
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