Brief: NSI Acquires Office Building In The Hague For 13.9 Million Euros

NSI NV

19/07/2018 06:20

July 19 (Reuters) - NSI NV  NSTEc.AS :
    * ACQUIRES OFFICE BUILDING “BENTINCK HUIS” IN THE HAGUE FOR
EUR
13.9 MLN
    * YIELD ON COST, INCLUDING CAPEX, IS WELL IN EXCESS OF 7%
    * PRO-FORMA LTV IS EXPECTED TO RISE TO 37.2% FROM 36.3% AT
THE END
OF JUNE 2018
    * FOLLOWING THIS TRANSACTION THE HAGUE WILL MAKE UP 7% (FROM
6%)
OF THE OFFICES AND HNK PORTFOLIO
    * BUILDING WILL BE AVAILABLE TO THE MARKET FOR RENT BY THE
END OF
H1 2019
    * PLANS TO SIGNIFICANTLY UPGRADE THE BUILDING AND MAKE THE
BENTINCK ONE OF THE HAGUE’S PREMIER OFFICE ADDRESSES - CIO

Source text: https://bit.ly/2L7B8a8
Further company coverage:  NSTEc.AS 

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