TORONTO, Sept. 15, 2025 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (“ERES” or “the REIT”) (TSX:ERE.UN) announced today that, subject to the completion of standard notary procedures, it has closed on the previously announced disposition of entities owning 1,446 residential suites in the Netherlands for aggregate proceeds, net of an adjustment for deferred taxes and other adjustments, of approximately €336 million. ERES further announced that, in addition to having closed on the sale of its commercial property in Brussels, Belgium, it has also completed the previously disclosed disposition of its commercial property in Landshut, Germany, for aggregate gross proceeds of approximately €31 million (all together, the “Closed Dispositions”). Please refer to the REIT’s press releases dated April 2, 2025 and July 31, 2025 for additional details. All amounts disclosed herein exclude transaction costs and other customary adjustments.
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