Cromwell sells four Dutch office assets for Goldman Sachs funds

Cromwell Property Group has sold four Dutch office buildings from funds it manages on behalf of Goldman Sachs.

The asset manager said it sold the properties, with a combined lettable space of 25,417sqm, from the Omikron, Zenith and Artemis portfolios. Financial details were undisclosed.

The 5,867sqm Alexandrium office building in Rotterdam was sold to Van Ettekoven and the 5,530sqm Overschiestraat 59 office building in Amsterdam was sold to Lianeo Real Estate.

Cromwell said the 12,265sqm Verheeskade 25 building in Den Haag of was sold to Marie Simon and the 1,755sqm Boris Pasternaklaan 12-20 in Zoetermeer was sold to Van der Kooy Vastgoed.

Richard den Hartigh, the head of asset management, Benelux, said: “We selectively refurbished parts of two of the buildings to make them more attractive to new occupiers resulting in more than 3,795sqm of new leases and 10,156sqm of renewals.”

In the Netherlands, Cromwell manages around 55 assets across 12 mandates with a value of around €959m.