The disposal of local shopping centers Kersenboogerd in Hoorn (6,700 m²) and Overwhere in Purmerend (5,600 m²) fits NSI’s strategy to divest assets of which the value potential has been optimized under its management. The proceeds of the divestments will be used to redeem debt.
Johan Buijs, CEO of NSI comments: “Selling properties that achieved the value potential under our management is part of our strategy. In the case of these shopping centers, we have optimized the mix of branches and type of retailers, and both centers have been consistently fully let.”
The assets have been sold slightly below book value as per 30 June 2013. The disposed assets generated an annual gross rental income of €2.1 million.