CBRE Global Investors has announced the sale of a portfolio of 33 assets in the Netherlands to French investor Sofidy and Royal Properties Group for €60 mln.
CBRE Global Investors has announced the sale of a portfolio of 33 assets in the Netherlands to French investor Sofidy and Royal Properties Group for €60 mln.
Sofidy, on behalf of its international real estate fund, has acquired 18 retail units totalling 8,500 m2 and four residential units. The retail units are located in the shopping centres of Woensel (Eindhoven), In de Bogaard (Rijswijk) and Overvecht (Utrecht), in addition to high street assets in Amersfoort, Goes, Middelburg and Venlo.
The private real estate investor, Royal Properties Group, represented by SebaldInvest, acquired 15 retail units, existing of inner-city retail high street units and supermarkets in Alkmaar, Hoorn, Sneek and Zutphen.
CBREGI completed the sale on behalf of the CBRE Dutch Retail Fund, led by fund manager Jaap Démoed. ‘This sale is in line with our strategy to continuously optimise the risk/return profile of our portfolio and dispose of properties that no longer fit the fund’s investment criteria and allocation targets in the long term.'
Sofidy was advised by by legal advisor Loyens & Loeff for this transaction. Schut van de Ven was the legal advisor for the Royal Properties Group. CBRE Global Investors’ legal advisor was Houthoff and DTZ Zadelhoff advised on the real estate transaction.
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INVESTMENT BRIEFING
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Outlook 2016: Europe & The Netherlands
Date 4 December 2015
Time 08:00 - 10:30
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