Inovalis Real Estate Investment Trust Closes euros14.0 Million Sale of Baldi Property

Executive Summary

• Inovalis REIT completed the sale of the Baldi property in Saint‑Ouen, France for €14.0 million ($22.9 million).
• Net cash proceeds after debt repayment and disposition costs are expected to be approximately €11.2 million ($18.3 million).
• Proceeds will be allocated to capital expenditures for repositioning/re‑development of existing assets and further reduction of indebtedness, enhancing financial flexibility.

Key Details

• Transaction: Sale of Baldi property – 124,000 sq ft office & mixed‑use complex comprising four buildings around a central courtyard.
• Sale Price: €14.0 million (≈ $22.9 million).
• Net Proceeds: Approximately €11.2 million ($18.3 million) after full repayment of related bank debt and disposition costs.
• Cash Generated in 2025: This sale, together with a prior disposition, generated roughly $23 million in cash for the REIT.
• Use of Proceeds:
• Capital expenditures for repositioning and/or redevelopment of currently owned properties.
• Additional reduction of the REIT’s indebtedness to strengthen balance‑sheet flexibility.
• Strategic Rationale: Demonstrates continued focus on asset recycling and improving financial flexibility to support strategic priorities.

Notable Quotes

“This closing represents our second completed disposition in 2025, together generating approximately $23 million in cash for the REIT,” said Stéphane Amine, President and Chief Executive Officer of Inovalis REIT.
“These transactions reflect our continued focus on asset recycling and balance sheet strength, while enhancing our financial flexibility to advance the REIT’s strategic priorities.”