| Article |
Rotterdam, 5 February 2007 - Rodamco Europe N.V., the largest publicly listed property investment and management company in the retail sector in Europe, has acquired 6 office buildings in shopping center Leidsenhage in Leidschendam, the Netherlands, from IEF Capital for an amount of approximately €24 million. Rodamco Europe has the intention to convert the offices into retail units in future time. The transaction, which takes place at a net initial yield of 4.0%, is effective as of today. The net initial yield is expected to improve considerably due to temporary new office leases and furthermore as a result of the future redevelopment.
 Click here for full English press release
Click here for full Dutch press release
|