Vastned Retail has acquired a retail development in the southern Dutch city of Roermond for EUR 55.2 mln. Work has just begun on the complex and when completed in the 2008 it will comprise 36,200 m[sup]2[/sup] plus parking for 1,250 vehicles. The gross average rent will be about EUR 105 per m2, generating a total rent of EUR 3.6 mln.The initial rental yield will be about 6%.
International developer and asset holder Trei Real Estate has concluded 2024 with the opening of its 41st Vendo Park in Poland.
