NSI signs unconditional agreement for disposal of interest in Zuidplein

NSI N.V. (Euronext: NSI / NL0012365084) - Regulatory news

NSI N.V. announces that yesterday, 25 October 2021, it unconditionally agreed the disposal of its interest in Zuidplein shopping centre in Rotterdam. The transfer of the asset is foreseen in December.

Including this latest disposal, NSI has now agreed a total of three disposals due to complete in Q4 2021 for combined gross proceeds € 64.3m. This compares to a June book value of € 55.6m, reflecting a 16% gross premium on disposal. The aforementioned gross proceeds exclude a conditional profit share of € 2.5m for one of the assets.

The proceeds of these disposals will be used to finance potential acquisitions and the development programme.