A private investor has reportedly acquired a 17,000 m2, secondary grade office building in the Dutch city of Leiden at a 15% yield. The investor paid EUR 16.5 mln to buy the Eurocenter from London-listed Matrix Group.
A private investor has reportedly acquired a 17,000 m2, secondary grade office building in the Dutch city of Leiden at a 15% yield. The investor paid EUR 16.5 mln to buy the Eurocenter from London-listed Matrix Group.
This was the largest real estate transaction in Leiden and the surrounding area so far this year, and the net initial yield is a new benchmark for secondary office assets in the Netherlands, PropertyNL - the Dutch-language sister publication of PropertyEU - reported.
Eurocenter was the last asset owned by Matrix in the Netherlands.
Property adviser Savills acted for Matrix, while law firm Boekel De Nerée provided legal services.
