Cording Real Estate Group has bought an eleven-storey office building in Rotterdam for its open-ended Benelux Commercial Real Estate Fund.
The northern European real estate investor said it acquired the 4,300sqm Erasmushuis building in the Dutch city for an undisclosed sum.
The asset is situated at Coolsingel 104 in the city centre. The property is fully let to the office operator Frame Offices.
René de Heus, the head of investments at Benelux, said: “We are pleased to add this iconic office building to our portfolio. This is the thirteenth acquisition since the start of this fund and there is around €200m available for additional purchases.
“The fund is focused on well-located office and retail properties in the Netherlands, Brussels and Luxembourg.”
Launched in December 2016, the Benelux Commercial Real Estate Fund invests in office and retail property in the Netherlands, Belgium and Luxembourg.
The fund has a gross target volume of €400m, which includes €250m of equity. The total gross asset value of the fund is currently around €200m.