M&A Activity • Oct 14, 2013
M&A Activity
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- Last remaining asset sold-
Hoofddorp, 14 October 2013 – NSI N.V. (NSI) has sold its last Swiss property "Perolles 2000" in Fribourg on book value for CHF9.7 million. With this sale, NSI has completed its exit from the Swiss market. As announced in December 2011, NSI decided to dispose its Swiss portfolio. In the course of 2012 and 2013, 3 assets were sold and now the last remaining Swiss asset has been sold.
Perolles 2000 (2,267 sqm mixed office/retail property) generated an annual gross rental income of approx. €0.5 million. The property was locally financed. The proceeds of the sale will be fully used to redeem loans.
Johan Buijs, CEO of NSI comments: "Since our announcement to leave the Swiss market, we have managed to dispose the Swiss properties on or around book value. With this final sale we have concluded our exit from the Swiss market, enabling us to focus fully on The Netherlands and Belgium."
NSI offers tenants sustainable accommodation that entitles them to run their businesses successfully over the long term, so that institutional and individual investors are offered a rising return on their invested assets. NSI invests in office and retail properties at prime business locations in the Netherlands and Belgium. NSI is a listed closed-end property investment company with variable capital and manages assets of approximately € 2 billion.
For more information, please contact: NSI N.V., Eva Lindner T: +31 (0)20 76 30 300 E: [email protected] / W: www.nsi.nl
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