Thomas Cook plans to sell and lease back Belgium property

Travel group Thomas Cook Group has agreed to sell and lease back an office property in Belgium to Koramic Real Estate.

Travel group Thomas Cook Group has agreed to sell and lease back an office property in Belgium to Koramic Real Estate.

Under the terms of the agreement, Thomas Cook will receive a cash consideration of €12.3m with an additional €2.0m retained by Koramic as a prepayment of rent.

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