Haslemere sells Beaucette portfolio to Praedia for £72M

Haslemere NV announced today that it has disposed of the Beaucette Property Partnership to Praedia Investment Ltd, a Cardinal Lysander Group subsidiary, for approximately £72m (Euro 116.2m).

Haslemere (50% interest), together with the Hov Investments and Ingelstorp Investments (which together held the remaining 50% interest), have together sold their combined Partnership interests for a price reflecting the value of the property portfolio. The purchasers will continue with the existing Limited Liability Partnership structure.

(source: Haslemere)

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