Dutch listed property landlord NSI has announced the sale of its remaining interest in the Belgian listed company Intervest Offices & Warehouses (IOW) for €53.5 mln.
Dutch listed property landlord NSI has announced the sale of its remaining interest in the Belgian listed company Intervest Offices & Warehouses (IOW) for €53.5 mln.
Hoofddorp-based NSI already reduced its interest in IOW from 50.2% to 15.2% in June 2015.
The total proceeds of the 15.2% interest (2.5 million shares) sold in 2016 amounted to €53.5 mln, 9% above the net asset value of IOW as per 31 December 2015.
NSI said it will use the proceeds to pursue opportunities in the Dutch office market.
The company, which manages €1.2 bn of assets, has also announced the proposed appointment of two new supervisory board members - former Aberdeen Asset Management director Karin Koks and investment fund Icamap's co-founder Harm Meijer - as well as the appointment of Anne de Jong as new chief investment officer.
In addition, NSI said that, the supervisory board had mutually agreed with Johan Buijs that he will not be reappointed CEO following the ending of his second term on 31 December 2016. The company said that its supervisory board has started a process to find a suitable successor.
