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Fotex Netherlands buys two office buildings

Hungarian holding company Fotex said its Dutch unit Fotex Netherlands bought two office buildings there to rent out.

Fotex bought a 4,964-square-meter office building in Zoetermeer and a 7,222-square-meter-office building in Gorinchem. Fotex did not reveal the purchase price of the buildings.

Fotex has signed long-term leases with Nutricia Netherlands, a unit of Danone, and Dutch insurer Trias/Unive for the buildings.

Fotex announced in March it set up Fotex Netherlands to establish, develop and manage a property portfolio there. (MTI – Econews)