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BRIEF-Intercontinental International acquired office building worth 1.7 million euros

INTERCONTINENTAL INTERNATIONAL REAL ESTATE INVESTMENT COMPANY SA:

 

* REPORTED ON MONDAY, COMPANY ACQUIRED A LUXURY OFFICE AND SHOP BUILDING IN NEOS COSMOS, WITH A TOTAL AREA OF ??2,574.81 SQUARE METERS WORTH 1.7 MILLION EUROS

 

* THE INVESTMENT WAS FUNDED BY THE COMPANY'S EQUITY

 

* IT IS FULLY LEASED TO THE TENANT "TEXIMETHFORES ELTA SA"

 

* THE INITIAL ANNUAL RENTAL RATE OF THE INVESTMENT IS 9.30 PERCENT

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