Nieuwe Steen Investments (NSI) has sold four Dutch properties for a total of EUR 15.3 mln. The sales bring the volume of the Dutch firm's divestment programme of small, management-intensive properties, which was launched in September 2008, to EUR 103 mln. The proceeds are being used to reduce debt and to finance future acquisitions.
Nieuwe Steen Investments (NSI) has sold four Dutch properties for a total of EUR 15.3 mln. The sales bring the volume of the Dutch firm's divestment programme of small, management-intensive properties, which was launched in September 2008, to EUR 103 mln. The proceeds are being used to reduce debt and to finance future acquisitions.
NSI said the latest disposals concerned two office properties and one retail property in October, and a retail strip with offices above sold in July. As with previous disposals, the properties were sold at around book value.
The disposal programme will continue into 2010, NSI said.
