TORONTO, Nov. 28, 2025 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or “the REIT“) (TSX:ERE) announced today that it has entered into agreements to sell three properties containing a total of 322 residential suites in the Netherlands for approximately €67.8 million in combined consideration. All amounts disclosed herein exclude transaction costs and other customary adjustments.
Through certain of its subsidiaries, ERES has entered into separate agreements to sell:
An unencumbered 33-suite property in Roermond for approximately €10.0 million;
An unencumbered 88-suite property in Valkenburg for approximately €15.0 million; and
A property containing 201 suites in Arnhem for approximately €42.8 million, with part of the proceeds to be used to repay approximately €15.2 million in associated mortgage debt (collectively, the “Pending Dispositions“).
Subject to the satisfaction of closing conditions, completion of the Pending Dispositions is anticipated between January and April 2026, with net proceeds intended to be used for general trust purposes. There can be no assurance that all requirements for closing of the Pending Dispositions will be obtained, satisfied or waived.
Sale Process Update
The Pending Dispositions represent attractive transaction values for the individual assets and support the REIT’s ongoing sale process for its remaining portfolio. By entering into these agreements, the REIT is better positioned to pursue a potential final en-bloc transaction. BMO Capital Markets has been retained as financial advisor and has been assisting in reviewing individual asset sales, including the Pending Dispositions, and advising on a potential en-bloc transaction for the remaining portfolio.
There can be no assurance that the sale process will result in the successful completion of the sale of any portion of the remaining portfolio or that any such sales will be completed at, or above, previously reported IFRS fair value. Any transaction may involve significant costs and expenses, including those associated with …
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