The divestment consists of 70 retail units with a total GLA of approximately 18,000 m2 and around 13 adjacent apartments in amongst others Venlo, Eindhoven, Dordrecht and The Hague. The divestment has been supported by real estate agent Kroese & Paternotte. The transaction is effective per 17 November 2006.
The divestment is in line with the policy of selling non-core investments and increases the focus of Rodamco Europe on high quality retail, primarily dominant shopping centers in key European cities. In July 2006 Rodamco Europe announced the divestment of a portfolio of assets in the Netherlands, including shop units and residential units.
COMPANY PROFILE RODAMCO EUROPE N.V.
Rodamco Europe with headquarters in Rotterdam, the Netherlands, is both investor and manager of its dominant shopping centers in its home regions The Netherlands & Belgium, the Nordic countries, France, Spain and Central Europe. Top quality shops and shopping centers form 94% of Rodamco Europe's €10.0 billion property assets. This makes Rodamco Europe the largest listed property investment and management company in the retail sector in Europe. Rodamco Europe is listed on the Stock Exchanges in Amsterdam, Paris, Frankfurt and Brussels. A Euronext 100 company, Rodamco Europe is included in the Euronext AEX Index (AEX) and in the MSCI World Index. For more information on Rodamco Europe, please visit our website: www.rodamco.com.
Rodamco Europe with headquarters in Rotterdam, the Netherlands, is both investor and manager of its dominant shopping centers in its home regions The Netherlands & Belgium, the Nordic countries, France, Spain and Central Europe. Top quality shops and shopping centers form 94% of Rodamco Europe's €10.0 billion property assets. This makes Rodamco Europe the largest listed property investment and management company in the retail sector in Europe. Rodamco Europe is listed on the Stock Exchanges in Amsterdam, Paris, Frankfurt and Brussels. A Euronext 100 company, Rodamco Europe is included in the Euronext AEX Index (AEX) and in the MSCI World Index. For more information on Rodamco Europe, please visit our website: www.rodamco.com.
