SFL sells three properties to Risanamento (FR)

SFL has given the Risanamento Group a binding option on a portfolio of three properties. The amount of the transaction is approximately €179 million, excluding transfer costs.

The properties concerned are:

  • Ilot François 1er, Paris 8 (approximately 15,000 sq.m.)
  • 7 rue du Cirque, Paris 8 (approximately 1,600 sq.m.)
  • 17/19 avenue Montaigne, Paris 8 (approximately 6,000 sq.m.)

Contracts are expected to be exchanged at the end of September 2004. Risanamento has also been given a non-binding option on a fourth property, at 273 rue Saint Honoré, Paris 8, representing some 1,300 sq.m.

Source: SFL

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