BFW Liegenschaften divests itself of smaller properties
BFW Liegenschaften AG has sold three smaller properties, and negotiations are underway for a fourth. Further sales are being examined.
The sale of the three properties generated gross sales proceeds totaling CHF 16.8 million, BFW Liegenschaften reports. These sales will result in an additional one-off gain on sale of around one million for the 2018 financial year. The real estate company did not provide further details, such as the purchaser or the location of the properties.
Sales negotiations are currently underway for a fourth property in Burgdorf (BE); BFW expects a sale by the first quarter of 2019. According to the company, it is also examining the sale of eight other, mostly smaller portfolio properties for a total of around 40 million. (ah)
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