Dutch property company Corio has sold five properties for a total of €118.2m.
The assets include three retail properties in the Netherlands and one retail and one office property in France.
The Dutch properties were bought by Utrecht-based pensions and asset management company Syntrus Achmea and include the 8,900 m2 Nesselande in Rotterdam, 7,800 m2 Getsewoud in Nieuw Vennep and 5,500 m2 Parkwijk in Utrecht.
In France, Corio sold retail property La Croix Blanche in Saint Geneviève des Bois with 6,600 m2 of lettable space and office building Clair de Ville in Rueil Malmaison, comprising 10,600 m2. The buyer has not been disclosed.
The disposals follow Corio’s intention to reduce its property portfolio by 20%.
