07.06.2012 - Dutch secondary office building reportedly sells at 15pct yield
A private investor has reportedly acquired a 17,000 m2, secondary grade office building in the Dutch city of Leiden at a 15% yield. The investor paid EUR 16.5 mln to buy the Eurocenter from London-listed Matrix Group. This was the largest real estate transaction in Leiden and the surrounding area so far this year, and the net initial yield is a new benchmark for secondary office assets in the Netherlands, PropertyNL - the Dutch-language sister publication of PropertyEU - reported...............................................Full Article: Source
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