Rodamco Europe divests Dutch outlet centre

By A staff reporter 2006-12-21T00:00:00

Batavia Stad, the outlet shopping centre in the Dutch city of Lelystad, has been sold by Rodamco Europe to retail fund manager Bakkenist & Emmens for approximately EUR 38 mln. The purchase price was slightly below the latest book value but reflected a net initial yield of 5.6%.

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