PrintCofinimmo acquires three Medical Office Buildings
The Cofinimmo Group acquired in May and June 2017 three medical offices buildings in Baarn and Eemnes (province of Utrecht) and Tiel (province of Gelderland) for a total amount of €12.7 million:
| Oosterstraat | De Driesten | ECT | |||||
|---|---|---|---|---|---|---|---|
| Location | Baarn (Utrecht) | Eemnes (Utrecht) | Tiel (Gelderland) | ||||
| Above-ground surface | 1,676 m² | 1,072 m² | 4,279 m² | ||||
| Construction/renovation year | 2005/2011 | 2011 | 2007/2009 | ||||
| Occupancy rate | 100% | 96% | 100% | ||||
| Weighted average residual lease length | 4.8 years | 3.8 years | 5.9 years | ||||
| Acquisition price | €2.7 million | €2.4 million | €7.6 million | ||||
| Gross initial rental yield | 7.64% | 7.34% | 6.61% |
Just like the medical office buildings previously acquired by the Group, these assets are o...[…]