PropertyEU

VastNed Retail gets 'opportunity of a lifetime' in Lille

By A staff reporter 2007-10-09T00:00:00

Netherlands-based VastNed Retail has acquired a EUR 97 mln high-street portfolio in Lille, France's fourth largest city. Comprising 56 shops and over 100 apartments, the properties were bought from two private individuals at a net initial yield of 5% and have a total lettable area of 12,000 m[sup]2[/sup].

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