Wyler Park Refinancing Update

RNS Number : 0623F

Livermore Investments Group Limited

17 February 2015

 



17 February 2015

LIVERMORE INVESTMENTS GROUP LIMITED

("Livermore" or the "Group")

Wyler Park Refinancing Update

Livermore Investments Group Limited is pleased to announce that it has successfully refinanced the Wyler Park property located in Bern, Switzerland. The principal amount on the new loan facility is CHF 68 million (c. $USD73 million). The facility is committed until at least 30 June 2019. Upon successful extension of the lease with SBB from 2019 to 2029, an additional CHF 10 million (c. $USD10.7 million) would be available under this facility.  

Wyler Park is a top quality mixed-use property located in Bern, Switzerland. It has over 16,800 square meters of commercial area, 4,100 square meters of residential area, and another 7,100 square meters available for additional commercial development. The commercial area is leased entirely to SBB (AAA rated), the Swiss national transport authority wholly owned by the Swiss Confederation, and serves as the headquarters of their Passenger Traffic division. The residential area consists of 39 apartments, all of which are rented out.

Enquiries:

Livermore Investments Group Limited	[phone]
Gaurav Suri
Nominated Broker and Advisor
Arden Partners Steve Douglas / Michael McNeilly	[phone]

 

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