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

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TORONTO–(BUSINESS WIRE)–Innovaris Real Estate Investment Trust (“REIT”) (TSX: INO.UN) today announced the acquisition of Courbevoie property in the La Défense district of Paris. announced that the disposal had been completed for 27.2 million euros. (CAD$39.4m), which is €6.4m (CAD$9.3m) above his €20.8m (CAD$30.1m) fair market value in Q3 2022. His €17.2 million (CAD $24.9 million) net proceeds from the sale will be reallocated to other investment opportunities.

Comment from President Stefan Amin “Today’s closing marks another accomplishment for the REIT’s 2022 strategic initiative, freeing up capital to deploy next year. We believe it will be a key year of transition: continued demand for office space in France and Germany still forms a permanent base for European office real estate investment.”

All amounts are converted to Canadian dollars (CAD$) using an exchange rate of 1.4485 CAD$ per Euro.

Forward-Looking Information

Although management believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that these expectations will prove correct. information.

Certain important factors or assumptions have been applied in making forward-looking statements and actual results may differ materially from those expressed or implied by such forward-looking statements. There are cases. Estimates and assumptions that may prove to be inaccurate include, but are not limited to, various assumptions made in this document and the following:

  1. Ability to continue to receive loans on acceptable terms.

  2. Future debt levels and REIT future growth potential remain consistent with current expectations.

  3. Successful asset recycling program.

  4. There are no tax law changes that will adversely affect the REIT’s ability to raise funds, operations, activities, structure or distribution.

  5. REITs continue to retain and attract talented and knowledgeable talent as their portfolios and businesses grow.

  6. The impact of current economic conditions and current global financial conditions on operations, including REIT funding capacity and asset values, will continue to be consistent with current expectations.

  7. There have been no significant changes to government and environmental regulations that could adversely affect operations.

  8. International, especially French, German, Spanish and other European real estate market conditions are consistent with past conditions, including takeover competition.

  9. Capital markets provide REITs with easy access to equity and/or debt financing.When

  10. The impact of the COVID-19 pandemic and geopolitical disputes in Ukraine and Russia on REIT operations, demand for REIT real estate, global supply chains, and economic activity in general.

The REIT cautions that this list of assumptions is not exhaustive. Although the forward-looking statements contained in this press release are based on assumptions that management believes to be reasonable based on currently available information, actual results will be consistent with these forward-looking statements. There is no guarantee that it will.

Because forward-looking statements involve significant risks and uncertainties, the REIT cautions readers not to place undue reliance on forward-looking statements when making decisions that rely on them. . Forward-looking statements are not guarantees of future performance or results and do not necessarily indicate precisely whether or when such performance or results will be achieved. A number of factors could cause actual results to differ materially from those described in the forward-looking statements.

  • Ability to execute the REIT’s growth and capital deployment strategies.

  • A REIT’s ability to implement an asset recycling program.

  • Impact of changing conditions in the European office market.

  • Marketability and value of REIT portfolios.

  • Changes in attitudes, financial conditions, and demand in the REIT demographic market.

  • Fluctuations in interest rates and volatility in financial markets.

  • The duration and ultimate impact of the COVID-19 pandemic and related government interventions, as well as geopolitical conflicts in Ukraine and Russia, on REIT business, operations and financial results.

  • general economic conditions, including the continuation or intensification of the current recession;

  • Developments and Changes in Applicable Laws and Regulations.When

  • Other factors discussed under “Risk Factors and Uncertainties” on the REIT’s Annual Information Form.

Actual results or future events may not be forward-looking statements if the risks or uncertainties regarding the above materialize or if the opinions, estimates or assumptions underlying any forward-looking statement prove to be incorrect. It may differ materially from what is anticipated in the statement.

Forward-looking statements are provided for the purpose of providing information about management’s current expectations and plans for the future. Certain statements contained in this press release may be considered “financial prospects” for purposes of applicable Canadian securities laws and, as such, the financial prospects may not be appropriate for any purpose other than this press release. . All forward-looking statements are based solely on information currently available to REIT and are made as of the date of this press release. Except as expressly required by applicable Canadian securities laws, REIT undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. shall be All forward-looking statements contained in this press release are qualified by these cautionary statements.

About Innovaris REIT

Inivalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada. Founded in 2013 by Innovaris, it invests in office properties in key markets of France, Germany and Spain. He holds 14 assets worth his AuM of €470 million. Inovalis REIT acquired real estate (indirectly) through CanCorpEurope and his CSSF licensed Alternative Investment Fund (AIF) in Luxembourg and managed by Inovalis SA.

About Innovaris Group

Inovalis SA is a French alternative investment fund manager, licensed by the French Securities and Markets Authority (AMF) under the AIFM law. Inovalis SA and its subsidiaries (Advenis SA, Advenis REIM) are real estate investment trusts such as Inovalis REIT and stable real estate focused open-ended funds (SCPI) such as Eurovalys (for Germany) and Elialys (Southern Europe). invests in and manages Private his themed funds raised with Inovalis partners to invest in defined real estate strategies and direct co-investments in specific assets.

Founded in 1998 by Inovalis SA, the Inovalis Group ( has €7 billion in assets under management and offices in all the world’s major financial and economic centers: Paris, Luxembourg and Madrid An established pan-European real estate investment player. , Frankfurt, Toronto, Dubai. The group consists of his 300 professionals and provides real estate advisory, funds, asset and property management services, as well as wealth management services.

David Giraud, CEO

Innovaris Real Estate Investment Trust

Phone: +33 1 5643 3323

[email protected]

Khalil Hankach, Chief Financial Officer

Innovaris Real Estate Investment Trust

Phone: +33 1 5643 3313

[email protected]

Source: Innovaris Real Estate Investment Trust

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