On September 13, 2002 Altera Vastgoed NV and pension Fund De Eendracht reached agreement on De EendrachtÂ's participation in AlteraÂ's commercial property portfolio for a total of EUR 20 mln. AlteraÂ's commercial property portfolio exceeds EUR 125 mln.
CEO Troostwijk of De Eendracht comments: 'We have stopped direct investments in real estate. Recently we have also decided to diminish our investments in listed companies. Private non-listed companies have our preference. We also want to diversify our investment portfolio in real estate. Altera Vastgoed offers all these possibilities.'
After Stichting Pensioenfonds Hoogovens and three Royal Dutch Airline pernsion funds, De Eendracht will become AlteraÂ's fifth shareholder.
(source: Altera Vastgoed)