July 4, 2017 / 4:26 PM / 2 months ago

BRIEF-European commercial REIT announces highly accretive acquisition in Belgium

July 4 (Reuters) - European Commercial Real Estate Ltd :

* European Commercial Real Estate Investment Trust announces highly accretive acquisition in Belgium, filing of preliminary prospectus and private placement

* Deal ‍for approximately EUR40.7 million​

* Deal expected to be financed partially by way of a EUR25.5 million secured mortgage from a German bank

* Brussels property is expected to increase adjusted funds from operations per unit by more than 35 percent​

* Has filed a preliminary short form prospectus for a marketed offering of 7 million units of REIT​ at $5.00 per unit Source text for Eikon: Further company coverage:

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