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| Date
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6-7-2006 |
| Title
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Rodamco Europe Sells PORTFOLIO OF ASSETS in THE NETHERLANDS to aberdeen property investors |
| Article
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Rotterdam, July 5, 2006 – Rodamco Europe NV, the largest publicly listed property investment and management company in the retail sector in Europe, announces the divestment of a portfolio of assets in the Netherlands, including 150 shop units and approximately 50 residential units, to Aberdeen Property Investors The Netherlands BV, for an amount of approximately €115 million.
The individual shop units are located across the Netherlands and have been divested via a structured bidding process by real estate agent Troostwijk Makelaars O.G. The transaction will be effective as per 15 September 2006. The total divested retail space is 36,500 m2 excluding the residential units, which are located (directly) above the shops.
Managing Director Rodamco Europe in the Netherlands Karin Laglas: "This divestment further enhances Rodamco Europe in the Netherlands' focus on key retail locations, which is in line with Rodamco Europe's long term strategy to focus on high quality retail; primarily dominant shopping centers in key European cities." |
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 Click here for the full press release |
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