CBRE Global Investors has completed the sale of Stationsplein mixed-use complex in the Dutch city of Haarlem for €13.5 mln.
CBRE Global Investors has completed the sale of Stationsplein mixed-use complex in the Dutch city of Haarlem for €13.5 mln.
The sale to investor-developer Pinnacle was carried out on behalf of CBRE Dutch Office Fund (DOF).
The complex was completed in 1975, and consists of 14,537 m2 office space and archive space, 1,707 m2 retail, 22 apartments, a sports hall and a parking garage (446 parking places).
The sale follows the recently successfully completed strategic review of DOF, which resulted in a modernisation of the fund’s structure, terms and conditions, thereby improving liquidity for investors and positioning the fund to capitalize on future value growth in the Dutch prime office market.
The acquisition is in line with the ambition of Pinnacle to transform older buildings.
CBRE Global Investors was advised by JLL, CBRE and DTZ Zadelhoff.
