Eastern European Property completes sale of Istanbul office

Eastern European Property Fund finalised the sale of its Turkish office space this week, disposing of space at the Nils Passaj property in Beyoglu.

The AIM-traded property investor said the sale covered the remaining third floor officers at the Istanbul property, and was completed on 2 February.

Eastern European Property Fund said the cash value of the deal was $500,000 (£346,500).

"The proceeds from this disposal are in line with the latest independent property valuation", the company's board said in a statement.