Nieuwe Steen acquires talles building in Eastern Netherlands

Delivery of Â'La TourÂ' in Apeldoorn took place on June 10, 2002. Â'La TourÂ' has 21 floors and with its height of 75 meters it is the tallest building of Eastern Netherlands.

The office tower comprises 14.169 m2 of offcie space and 299 parking spaces. Total investment amounted to Euro 40,2 million and an expected yield of 7,9%.

Total real estate portfolio of NSI now amounts to Euro 870 million. NSI considers the acquisition of Â'La TourÂ' as an important step forwards in achieving its companyÂ's objectives: to arrive at a total investment portfolio of Euro 1 billion.

NSI maintains its forecast that during 2002 direct investment result will amount to Euro 1.35 per share.

(source: Nieuwe Steen Investments)

Related News