Brief: NSI Acquires ONE20 Office Building In Amsterdam

NSI NV

27/03/2020 06:24

March 27 (Reuters) - NSI NV  NSTEc.AS :
    * NSI ACQUIRES ONE20 OFFICE BUILDING IN AMSTERDAM
    * ACQUISITION PRICE (EXCLUDING. PURCHASE COSTS) OF EUR 34.0M
REPRESENTS A GROSS INITIAL YIELD OF 3.5% (4.1% ON JULY 1) AND A
REVERSIONARY YIELD OF 6.3%
    * BUILDING IS CURRENTLY LET TO FOUR TENANTS AND HAS AN EPRA
OCCUPANCY RATE OF 69%, WITH A WAULT OF 4.0 YEARS
    * BUILDING, CONSTRUCTED IN 2001, HAS AN A-LABEL ENERGY SCORE
    * FOLLOWING THIS TRANSACTION, AMSTERDAM WILL MAKE UP 55.5%
(DEC
19: 51.0%) OF THE OFFICES AND HNK PORTFOLIO
    * DEAL FITS NSI’S STRATEGY TO SELECTIVELY ACQUIRE
INTERESTING
VALUE-ADD INITIATIVES AND TO CREATE ATTRACTIVE CLUSTERS AROUND
MAJOR PUBLIC TRANSPORT HUBS

Source text for Eikon:  ID:nNDLbb725j 
Further company coverage:  NSTEc.AS 

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