on INVESTIS Holding SA (isin : CH0325094297)
The Investis group concludes the sale of the Real Estate Services segment
The Investis group has finalized the sale of its Real Estate Services business to PHM Group Oy for CHF 240 million. This transaction allows Investis to refocus on its direct real estate investments.
The proceeds from the sale will be used for real estate acquisitions. Purchase contracts worth CHF 201 million have already been signed, with a gross rental income of CHF 12.5 million. These operations will be finalized in the coming weeks.
The sale will increase Investis' equity, while the LTV (loan-to-value) ratio is expected to remain below 26%, as at December 31, 2023.
Stéphane Bonvin, CEO of Investis, joins the board of directors of PHM Group TopCo Oy, where Investis takes a minority stake of EUR 51.3 million.
R. E.
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