Vanmoerkerke family wishes to increase its strategic stake in Qrf City Retail
(WorldNews Belgium)

1.1.1. VANMOERKERKE FAMILY WISHES TO INCREASE ITS STRATEGIC STAKE IN QRF CITY RETAIL o Qrf City Retail reaches agreement in principle with Vanmoerkerke family to expand the real estate portfolio by means of a contribution in kind of 9 commercial properties in Antwerp and Ostend o Qrf City Retail gets a strong reference shareholder o Expansion of the real estate portfolio with focus on solid cities and diversification of the tenant base o Increase of the shareholders` equity of Qrf City Retail by 23.8 MEUR o Significant improvement of the Debt ratio which drops from 53.8% (on 30 September 2018) to 48.4% o Change in control over Statutory Manager o This transaction can be realized after the...