VastNed Retail has sold part of its Dutch property portfolio to a private investor for around €37m (£32.5m) to help pay off its debts.
The pan-European retail property fund sold 50 shops, which generate an annual gross rental income of €2.8m (£2.5m) for a net initial yield of around 7.5%.
Amsterdam-based retail property broker Bouman Visscher Van Limbeek advised VastNed Retail on the transaction.
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