Dutch property company Vastned Offices/Industrial said it had sold a package of industrial and offices properties in the city of Nieuwegein for EUR 45 mln, EUR 5 mln below the latest published book price. The portfolio has been acquired by Laagraven Investment, for construction company Volker Wessels and the Kroon Group.
Dutch property company Vastned Offices/Industrial said it had sold a package of industrial and offices properties in the city of Nieuwegein for EUR 45 mln, EUR 5 mln below the latest published book price. The portfolio has been acquired by Laagraven Investment, for construction company Volker Wessels and the Kroon Group.
Vastned said the rental income less interest from the investments was negative and that it not expect positive results in the short term. The proceeds from the sale will be invested in 'liquid office markets' expected to show rental growth in the near future, said Vastned ceo Reinier van Gerrevink.
