Amsterdam-listed real estate firm Nieuwe Steen Investments (NSI) has acquired the Sterpassage, part of shopping centre 'In de Bogaard' near The Hague from the 'Progress' pension fund for EUR 38.7 mln. The gross contractual rent for Sterpassage comes to EUR 3 mln, reflecting a higher yeild than NSI's target of 7%.
CDC Investissement Immobilier, the real estate asset management subsidiary of French financial institution Caisse des Dépôts, has inked a strategic partnership with Covivio in Germany.
