VastNed Offices/Industrial N.V. strengthens balance sheet ratios

VastNed Offices/Industrial, which invests in offices, industrial premises and logistics centres in north-western Europe, in strengthening its balance sheet ratios. The company has sold offices and industrial premises to a total of EUR 62 million. This was effected, on average, above the most recent appraisal value. The proceeds will be used to strengthen the balance sheet ratios. With these sales, VastNed Offices/Industrial shows its commitment to pursuing an ongoing solid investment policy.

The sales concern various properties distributed throughout the Netherlands. The purchasers of this portfolio are one institutional investor and two private investors. The annual rent of the properties sold amounts to EUR 5.9 million. As is known, these sales are in line with the previously announced sales plan of EUR 150 million, which VastNed Offices/Industrial will continue.

The value of the property portfolio of the property investment company VastNed Offices/Industrial, which as per March 4 will enter into the Midkap index of Euronext Amsterdam, at present totals EUR 1.4 billion.

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