The transaction, expected to be closed by the end of the year, represents a significant step in Atenor’s debt reduction strategy.
"This new sale adds to the seven transactions already signed and being finalised for the year 2024. The reduction of consolidated net debt strengthens Atenor’s balance sheet, which is very valuable in still challenging real estate markets," Stéphan Sonneville, CEO of Atenor commented.
The transaction will contribute EUR 62 million to the reduction of consolidated net debt as of 31 December 2024. An additional payment of EUR 5.5 million will be made within 18 months.