Inovalis Real Estate Investment Trust Implements Strategic Plan and Closes Courbevoie Disposition

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Dec 23, 2022

Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) today announced the closing of the disposition of the Courbevoie property located in the La Defence area of Paris for €27.2 million (CAD $39.4 million), €6.4 million (CAD $9.3 million) above the Q3 2022 €20.8 million (CAD $30.1 million) fair market value. The €17.2 million (CAD $24.9 million) net proceeds from the sale are slated for redeployment into other investment opportunities.