Telecoms firm KPN has agreed a sale-and-leaseback transaction with private investors in relation to a 18,000m[sup]2[/sup] office and telephone exchange building in the Dutch city of Leeuwarden. KPN is to lease the property back for seven years after which it will be redeveloped. The financial details of the transaction were not disclosed.
Telecoms firm KPN has agreed a sale-and-leaseback transaction with private investors in relation to a 18,000m2 office and telephone exchange building in the Dutch city of Leeuwarden. KPN is to lease the property back for seven years after which it will be redeveloped. The financial details of the transaction were not disclosed.
The new owners intend to transform the property in future into a hotel and congress centre. In addition, the option of developing a living, working and parking combination is being examined.
The purchasers were advised by Berkoop vastgoed. DTZ Zadelhoff acted for KPN.
