Dutch property fund Vastned Offices/Industrial has sold six properties in the Netherlands for about EUR 17mln as part of its strategic shift towards more liquid office markets. Vastned noted the properties had an average occupancy rate of 72% and an annual gross rental income of EUR 1.2mln. The company said it had made a positive sales result of EUR 400,000 from the disposal. The properties were sold to private investors, and one property to the current tenant.
Dutch property fund Vastned Offices/Industrial has sold six properties in the Netherlands for about EUR 17mln as part of its strategic shift towards more liquid office markets. Vastned noted the properties had an average occupancy rate of 72% and an annual gross rental income of EUR 1.2mln. The company said it had made a positive sales result of EUR 400,000 from the disposal. The properties were sold to private investors, and one property to the current tenant.
'These disposals fit in with our policy of focusing on liquid office markets in the four major cities in the Randstad area,' Vastned Group chief investment officer Hans Pars said in a statement. 'The property in Amsterdam was sold based on its specific character and the corresponding vacancy and complex operation of the property.'