An undisclosed buyer acquired one office building in the Netherlands from European Residential Real Estate Investment Trust (TSX:ERE.UN) for approximately ?1.1 million on July 15, 2024. A cash consideration of ?1.1 million will be paid by the buyer. As part of consideration, ?1.1 million is paid towards assets of one office building in the Netherlands. Net proceeds generated will be used in full to pay down its associated portfolio of mortgage principal outstanding. Net proceeds from the transactions are intended to be used for the repayment of amounts outstanding on the revolving credit facility.

An undisclosed buyer completed the acquisition of one office building in the Netherlands from European Residential Real Estate Investment Trust (TSX:ERE.UN) on July 15, 2024.