Thomas Cook has agreed a deal to sell its Dutch office building for £15 million.
Under the terms agreed with FN2 B.V., part of the Fotex group, €11 million will be paid to Thomas Cook by 31 December 2011 and €4.2 million will be paid by 31 March 2012.
A further €2.8 million will be deposited into escrow – money held by a third party pending the transaction.
The sale of the building in Hoofddorp, in the Netherlands, is part of Thomas Cook's disposal programme announced earlier this year.
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By Diane Evans
