Inovalis Real Estate Investment Trust Provides Update on Arcueil Withholding Tax Matter and Appeal

This section is Partnership Content suppliedThe content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Article contentTORONTO — Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) announced today that the Paris Administrative Court has issued a ruling regarding withholding tax reassessments related to the Arcueil property for the 2017 to 2019 taxation years, during which the REIT held a 25% interest in the property through a joint venture. The Court has confirmed a tax liability of approximately €5.888 million ($9.294 million) , including principal, penalties, and interest. A formal payment notice has been issued by the French tax authority. The REIT expects additional late‑payment interest to accrue until settlement. The REIT has obtained approval for a 12‑month instalment plan from the tax authority. The REIT anticipates providing funding to its subsidiary to facilitate compliance with the payment schedule. This judgment may require the REIT to apply proceeds from planned asset sales or other financing measures to meet related obligations.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentArticle contentThe REIT has filed an appeal claiming to recover €4.116 million ($6.635 million) related to withholding taxes upon submission of documentation supporting the tax residency of CanCorpEurope Luxembourg (the REIT’s subsidiary) and the joint venture partner’s status as a regulated entity in Korea. There can be no assurance as to the outcome of the appeal process. The appeal does not suspend the requirement to satisfy the payment obligations.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentFORWARD-LOOKING INFORMATIONArticle contentAbout Inovalis REITArticle contentInovalis REIT is a real estate investment trust listed on the Toronto Stock Exchange in Canada. It was founded in 2013 by Inovalis and invests in office properties in primary markets of France, Germany and Spain. It holds 11 assets. Inovalis REIT acquires (indirectly) real estate properties via CanCorpEurope, authorized Alternative Investment Fund (AIF) by the CSSF in Luxemburg, and managed by Inovalis S.A.Article contentAbout Inovalis GroupArticle contentInovalis S.A. is a French Alternative Investment fund manager, authorized by the French Securities and Markets Authority (AMF) under AIFM laws. Inovalis S.A. and its subsidiaries (Advenis S.A., Advenis REIM) invest in and manage Real Estate Investment Trusts such as Inovalis REIT, open ended funds (SCPI) with stable real estate focus such as Eurovalys (for Germany) and Elialys (Southern Europe), Private Thematic Funds raised with Inovalis partners to invest in defined real estate strategies and direct Co-investments on specific assetsArticle contentInovalis Group ( www.inovalis.com), founded in 1998 by Inovalis SA, is an established pan European real estate investment player with EUR 7 billion of AuM and with offices in all the world’s major financial and economic centers in Paris, Luxembourg, Madrid, Frankfurt, Toronto and Dubai. The group is comprised of 300 professionals, providing Advisory, Fund, Asset and Property Management services in Real Estate as well as Wealth Management services.Article contentArticle contentArticle contentArticle contentView source version on businesswire.com: Article content https://www.businesswire.com/news/home/20260306149825/en/Article contentContactsArticle contentStephane Amine, President and Chief Executive Officer Article contentArticle contentInovalis Real Estate Investment TrustArticle contentArticle contentTel: +33 1 5643 3315Article contentArticle contentstephane.amine@inovalis.comArticle contentKhalil Hankach, Chief Financial Officer Article contentArticle contentInovalis Real Estate Investment TrustArticle contentArticle contentTel: +33 1 5643 3313Article contentArticle contentkhalil.hankach@inovalis.comArticle content#distroArticle contentTrending U.S. aluminum buyers hunt for alternatives as Iran war upends global supply Commodities South Bow confirms open season for new pipeline to the U.S. using legacy Keystone XL permits Oil & Gas Bank of Canada governor warns of growing risks to financial stability Economy Posthaste: Canadians are paying more than lip service to Buy Canada — and now the numbers prove it News Beer, wine sales fall even more, putting tax revenues on the rocks, but one boozy drink is on the rise Retail & Marketing Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. U.S. aluminum buyers hunt for alternatives as Iran war upends global supply Commodities South Bow confirms open season for new pipeline to the U.S. using legacy Keystone XL permits Oil & Gas Bank of Canada governor warns of growing risks to financial stability Economy Posthaste: Canadians are paying more than lip service to Buy Canada — and now the numbers prove it News Beer, wine sales fall even more, putting tax revenues on the rocks, but one boozy drink is on the rise Retail & Marketing