VastNed O/I has purchased a 8,500 m[sup]2[/sup] office building in the German city of Dusseldorf for EUR 18.2 mln, reflecting a net initial yield of 6%. The company said the annual rent income of EUR 1.2 mln, or EUR 130 per square metre, is below the market average.
VastNed O/I has purchased a 8,500 m2 office building in the German city of Dusseldorf for EUR 18.2 mln, reflecting a net initial yield of 6%. The company said the annual rent income of EUR 1.2 mln, or EUR 130 per square metre, is below the market average.
On December 22 last year, the Dutch-based property company acquired another office building in the city for EUR 34.6 mln. VastNed has said it is now consideringissueing new shares to finance further acquisitions.
