CB Richard Ellis has been appointed to sell the head office propert of Proy Tec Vinduer A/S as part of a sale & lease back arrangement.

The family-owned company, Pro Tec Vinduer A/S, in Holstebro is about to be taken over by the younger generation, for which reason their head office property is offered for sale as part of a sale & lease back arrangement.

In connection with the sale, Pro Tec Vinduer A/S will enter into a lease contract, which includes a 15-year non-termination period. This means that besides the rent the tenant will pay all service charges including costs of exterior maintenance of the building. The landlord will only bear the expenses of his own administration of the property.

The property is offered for sale at a price of DKK 74,600,000 corresponding to an initial yield of 7.75 per cent. The property is located in a modern and attractive commercial area close to one of the main approach roads to Holstebro, i.e. between Herning and Holstebro. The building is of quality materials and appears to be in good repair.

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