Examples of Düsseldorf Property in a sentence
The Düsseldorf Property was originally acquired from an arm’s length party for an aggregate purchase price of €11 million, subject to certain post-closing adjustments and excluding transaction costs.
The methodology used by the Guideline Development Group for development of the National Clinical Guideline and details of the consultation process is outlined in Section 1.7 and Appendix 5 of the full version National Clinical Guideline.
Using proceeds from the sale, the REIT repaid the existing mortgage on the Düsseldorf Property, which was approximately €6.9 million, and paid €0.3 million to liquidate the interest swap in place on it.
The sale price of the Düsseldorf Property was satisfied with cash by the purchaser.
The REIT disposed of the Düsseldorf Property on January 31, 2020.
Maple Knoll received a disposition fee of approximately 1.0% of the total gross proceeds in connection with the sale of the Düsseldorf Property, which amounts to approximately €0.2 million pursuant to the Amended Maple Knoll Management Agreement.
Disposition of the Düsseldorf Property As part of the REIT’s strategic change in focus from commercial to European multi-residential European property assets, the REIT entered into a binding agreement on November 28, 2019 for the disposition of the Düsseldorf Property to an arm’s length purchaser for a price of approximately €16.9 million.
THE COMMERCIAL PROPERTIES Overview As at December 31, 2019, the REIT owned two commercial office properties in Germany (the Landshut Property and the Düsseldorf Property), one commercial office property in Brussels (the Brussels Property), and one mixed residential and retail property in the Netherlands (the December 2019 Acquisition Property).