KPN agrees sale-and-leaseback for telephone exchange

Telecoms firm KPN has agreed a sale-and-leaseback transaction with private investors in relation to a 18,000m[sup]2[/sup] office and telephone exchange building in the Dutch city of Leeuwarden. KPN is to lease the property back for seven years after which it will be redeveloped. The financial details of the transaction were not disclosed.

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