BRIEF-Greenbay Properties says NAV per share increased to 9.59 EUR cents at Sept 2017

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BRIEF-Greenbay Properties says NAV per share increased to 9.59 EUR cents at Sept 2017

Nov 15 (Reuters) - GREENBAY PROPERTIES LTD GFP.MZ :

* NET ASSET VALUE PER SHARE INCREASED FROM 7,80 EUR CENTS AT SEPTEMBER 2016 TO 9,59 EUR CENTS AT SEPTEMBER 2017

* AT SEPTEMBER 2017, LOAN-TO-VALUE RATIO WAS 10,1%

* GREENBAY CONTINUES TO EVALUATE OTHER DIRECT INFRASTRUCTURE OPPORTUNITIES AVAILABLE IN EUROPE

* DIVIDENDS FORECAST TO INCREASE BY 25% PER YEAR FOR 2018 AND 2019 FINANCIAL YEARS AND BY AT LEAST 20% FOR 2020 FINANCIAL YEAR

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