Inovalis Real Estate Investment Trust T.INO.UN

Sabliere

[SIGG1]

Was this another lie?

Letter to Unitholders

We are progressing in our asset recycling plans with further steps on the sale of the Sablire property. At the end of Q3, the REIT accepted an offer for a sale of the Sablire property for €18.2 million from a third party. Pending the completion of due diligence, it is expected that promise to sell will be signed later in November and final closing should take place in February 2025. The previous plans for Inovalis SA to acquire this property were set aside in late September when it became evident that financing for the transaction on acceptable terms would not be possible. We were pleased to be able to act swiftly to arrange the sale to another party.