June 14, 2017 / 5:17 AM / a month ago

BRIEF-Zueblin Immobilien exploits market environment for divestment of German portfolio

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June 14 (Reuters) - ZUEBLIN IMMOBILIEN HOLDING AG:

* ZÜBLIN EXPLOITS FAVORABLE MARKET ENVIRONMENT FOR DIVESTMENT OF GERMAN PORTFOLIO

* CONTRACT TO SELL IT TO UK LISTED AND DOMICILED PROPERTY INVESTMENT COMPANY CLS HOLDINGS PLC WAS SIGNED ON 13 JUNE 2017

* CLOSING OF TRANSACTION INCLUDING TWELVE PROPERTIES WITH AN UNDERLYING GROSS ASSET VALUE OF EUR 152.2 MILLION IS EXPECTED DURING FIRST HALF OF FINANCIAL YEAR 2017/18 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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