Sale of non-strategic units generates USD 200 million in Q2 2023

Varia US Properties today announced that it has successfully sold in total eight non-strategic properties in the course of Q2 2023. Despite ongoing pressure on the valuation of real estate assets, Varia has been able to dispose these properties around or above their respective latest external valuation. As a result, the Company realized an overall selling price of USD 200 million, representing an average gross internal rate of return (IRR) of 20.2% and an average gross multiple on the invested capital (MOIC) of 2.05. Further details will be disclosed on 31 August 2023 with the Company’s Half-Year 2023 results.

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