Treveria to dispose of Silo D portfolio in stages

Treveria, a German retail focused real estate investment company, has agreed to dispose of the Silo D property portfolio over a period of time and has appointed an investment management who will be paid 1.8 per cent on each sale.

Under the agreement, the servicer, Situs Asset Management, has granted an extension to the standstill agreement to June 11th 2013, with the intention to provide four-months rolling extensions moving forward.

"Treveria Silo D looks forward to working together with the new asset manager and the servicer in the implementation of the business plan," the group said.

The share price rose 11.34% to €0.05 by late Tuesday.

NR