Dutch property company Vastned Offices/Industrial has purchased three office buildings in the Netherlands and Germany for a total investment of EUR 20.4 mln. In Amsterdam the company purchased an historic office property at 499 Herengracht for an investment of EUR 4.3 mln , reflecting an initial yield of 4.4%. The property has a lettable floor area of 1,085 m[sup]2[/sup] with an average lease rent of EUR 190 per m[sup]2[/sup].
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