NSI acquires retail passage from Unilever pension fund

Amsterdam-listed real estate firm Nieuwe Steen Investments (NSI) has acquired the Sterpassage, part of shopping centre 'In de Bogaard' near The Hague from the 'Progress' pension fund for EUR 38.7 mln. The gross contractual rent for Sterpassage comes to EUR 3 mln, reflecting a higher yeild than NSI's target of 7%.

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