BRIEF-Stenprop Announces Disposal Of Bleichenhof For 160.15 Mln Euros

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BRIEF-Stenprop Announces Disposal Of Bleichenhof For 160.15 Mln Euros
Credit: © Reuters.

Dec 18 (Reuters) - Stenprop Ltd STPJ.J :

* STENPROP LIMITED - DISPOSAL OF BLEICHENHOF

* STENPROP LTD - PROPOSED DEAL FOR CONSIDERATION OF EUR 160.15 MILLION

* STENPROP-INTENDS TO USE NET CASH PROCEEDS FROM DISPOSAL TO BUY ADDITIONAL UK MLI ESTATES WHICH MEET PURCHASING & RETURN CRITERIA OF CO & TO REPAY DEBT

* STENPROP LTD - ENTERED INTO TRANSACTION AGREEMENT FOR SALE OF LEASEHOLD ON BLEICHENHOF PROPERTY TO PROJEKT PALAIS VERWALTUNGS GMBH

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