PropertyEU

Vesteda buys majority of Philips Pension fund's residential holdings

By A staff reporter 2007-12-07T00:00:00

Dutch real estate investment fund Vesteda has acquired just over 1,000 homes from Philips Pension Fund. The assets are valued at more than EUR 200 mln and generate EUR 600 to EUR 1,000 rent each a month. This was Vesteda's largest acquisition to date and it now owns 27,000 private-sector ...

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