KPN to sell first part of real estate portfolio

December 20, 2007

1 Min Read

THE HAGUE, The Netherlands -- KPN envisages to sell part of its real estate portfolio during the first half of 2008. The real estate portfolio consists of local exchanges and other technical assets which become redundant after migration to the new All IP infrastructure.

The 34 assets of the first tranche are located throughout The Netherlands. These buildings are located mainly in the city center region and offer significant redevelopment opportunities.KPN mandated Deutsche Bank Londen as its advisor in the sales process.The remaining KPN assets which will become redundant are envisaged to be sold during 2009 and 2010.

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