Dutch developers Provast and Bemog Projektontwikkeling have signed an agreement to sell the cinema and the commercial space at the Emmeloord Centrum project in Noordoostpolder, the Netherlands, to Altera Vastgoed for EUR 50 mln. The project, for a total investment of EUR 85 mln, consists of 10,000 m[sup]2[/sup] of retail space, 3,400 m[sup]2[/sup] of office accomodation, 175 residential apartments and 300 parking spaces. The cinema is fully let and will be delivered in mid-2009, while the commercial space and the apartments will be developed in 2011.
Dutch developers Provast and Bemog Projektontwikkeling have signed an agreement to sell the cinema and the commercial space at the Emmeloord Centrum project in Noordoostpolder, the Netherlands, to Altera Vastgoed for EUR 50 mln. The project, for a total investment of EUR 85 mln, consists of 10,000 m2 of retail space, 3,400 m2 of office accomodation, 175 residential apartments and 300 parking spaces. The cinema is fully let and will be delivered in mid-2009, while the commercial space and the apartments will be developed in 2011.
