PropertyEU

Nieuwe Steen acquires Philips pension fund property

By A staff reporter 2008-03-10T00:00:00

Dutch property fund Nieuwe Steen Investments has bought eight properties in the Netherlands from the Philips pension fund for a total EUR 143 mln. The portfolio comprises more than 73,000 m[sup]2[/sup] of office and retail space centred on the central urban conurbation. The rent revenues total EUR 11.2 mln. Half ...

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