De Vries Robbé invests over EUR 10 million in real estate

In accordance with the companyÂ's strategy, strategic real estate acquisitions have been made, totaling EUR 10 million.

The acquired object, Nova Terra in Schiedam, near Rotterdam, comprises shops, offices and monumental former warehouses, located on the authentic historic canals. The warehuoses will be redeveloped into large luxurious apartments.

Together with George Toth, De Vries Robbé will substantially contribute to the present revitalisation of the Nieuwland district of Schiedam.

The expected ROI is well within the companyÂ's required yield objectives.

(source: De Vries Robbeé Groep)

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