BRIEF-Accelerate Property Fund announces proposed acquisition of offshore light industrial and logistics property portfolio

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BRIEF-Accelerate Property Fund announces proposed acquisition of offshore light industrial and logistics property portfolio
Credit: © Reuters.

Nov 20 (Reuters) - ACCELERATE PROPERTY FUND LTD APFJ.J :

* PROPOSED ACQUISITION OF AN OFFSHORE LIGHT INDUSTRIAL AND LOGISTICS PROPERTY PORTFOLIO

* ACQUISITION OF 100% OF ISSUED SHARE CAPITAL OF THREE SPECIAL PURPOSE VEHICLES (SPVS) FOR AGGREGATE PURCHASE CONSIDERATION OF EUR 41.9 MILLION

* TRANSACTION IS EXPECTED TO BE ACCRETIVE TO APF'S CURRENT FORWARD DISTRIBUTION YIELD

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