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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Nthn. Euro. | LSE:NEPR | London | Ordinary Share | JE00B1G3KL02 | ORD NPV |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.77 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:1089P
Northern European Properties Ltd
29 February 2008
Northern European Properties Limited
Sale of Finnish Portfolio
Northern European Properties Limited ("NEPR" or the "Company"), which invests in
real estate opportunities in the Nordic, Baltic regions and Russia, is pleased
to announce that, following an announcement on 18 January 2008 that it had
signed an agreement to sell 39 properties, principally in Finland, through the
sale of shares, to a real estate fund managed by CapMan it has now closed. The
net sale proceeds amount to approximately Euro 800 million. The agreement contains
a price adjustment mechanism following finalisation of technical due diligence
on part of the portfolio which will be completed by the end of March 2008.
Enquiries:
Jens Engwall, Chairman Tel: +46 70 690 65 50
Thomas Lindeborg, CEO Tel: +44 20 7499 40 60
Per Lindblad, CFO Tel: +46 8 456 32 51
This information is provided by RNS
The company news service from the London Stock Exchange
END
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