Pan-European property fund VastNed Offices/Industrial has sold seven properties in the Netherlands for EUR 11.2mln in total. According to the company statement the sales were, on average, concluded at book value and the annual gross rental income of the seven properties totalled EUR 0.8mln. The statement added that the sales were part of 'its strategic focus on liquid office markets'.
Pan-European property fund VastNed Offices/Industrial has sold seven properties in the Netherlands for EUR 11.2mln in total. According to the company statement the sales were, on average, concluded at book value and the annual gross rental income of the seven properties totalled EUR 0.8mln. The statement added that the sales were part of 'its strategic focus on liquid office markets'.
The properties sold include: Emrikweg 11 in Haarlem and Schuttevaerweg 5 in Rotterdam, and five office properties: Paardeweide 3 and 5 in Breda, Sylviuslaan 6 and 8 and Van Ketwich Verschuurlaan 110 in Groningen.
The buyer of the property on the Schuttevaerweg will use it for its own accommodation after the lease expires. The properties in Breda, Haarlem and Groningen had an average occupancy rate of 85% and were sold to private investors.
Hans Pars, chief investment officer of the VastNed Group commented: 'To us, active management means continuously evaluating our asset allocation. These evaluations may lead to acquisitions as well as disposals. These disposals are in line with our strategy of ongoing focus on large liquid office markets, such as in the four major cities of the Randstad conurbation.'
