NSI, an Amsterdam-listed closed-end fund, has sold two local shopping centres in the Netherlands.
NSI, an Amsterdam-listed closed-end fund, has sold two local shopping centres in the Netherlands.
The assets were sold for a total price of €26 mln, slightly below the book value at end-June 2013. They generated an annual gross rental income of €2.1 mln.
The name of the buyer or buyers was not disclosed.
NSI said the sale of Kersenboogerd in Hoorn (6,700 m2) and Purmerend (5,600 m2) fits its strategy to divest assets after the value potential had been optimised under its management. The proceeds of the divestments will be used to redeem debt.
NSI owns a €2 bn portfolio of office and retail properties at business locations in the Netherlands and Belgium.
