Sale of Lancy Shopping Centre, Geneva

Sale of Lancy Centre, Geneva

The sale of the Lancy Shopping Centre in Geneva, which was the underlying asset in one of our investments was concluded in December 2016.

We have already received full repayment of our initial investment and, once the investment vehicles are wound up, we expect that our share of the proceeds will be received in 2017 and we will materialise an after tax gain in excess of €1m.