Generali Real Estate is selling a portfolio of real estate assets in the Netherlands as it shakes up its Dutch holdings.
The Italian institutional investor will re-invest in the Dutch property market once the sale of a number of office, retail and residential assets is complete.
A spokesman for Generali Real Estate said the firm was looking to “rationalise its presence” in the Netherlands and would re-invest sale proceeds in a limited number of strategic assets in major cities.
Separate media reports suggest the portfolio could be worth as much as €275m.
The portfolio includes prime and trophy retail assets in Amsterdam and Utrecht high streets, including Leidsestraat, Kalverstraat and Rokin.
Core and trophy office buildings in the two cities are also being sold, it is understood.
Residential properties in the inner city districts of Amsterdam’s Van Woustraat and Kinkerstraat areas are also ringfenced for divestment, with the investor looking to offload assets in other Dutch cities.
Generali Real Estate last year made moves to increase its investment activity in Asia, following the arrival of new chief executive Christian Delaire.
The firm appointed Andy Tan as head of Asia operations.
Tan, who was executive vice-president at MEAG Pacific Star Asset Management, oversees both new investments and property enhancement.
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