US private equity giant Lone Star has acquired an office building in Amsterdam from a German closed-end fund Sechsundfunfzigste Ifh Geschlossener Immobilienfonds Fur Holland.
US private equity giant Lone Star has acquired an office building in Amsterdam from a German closed-end fund Sechsundfunfzigste Ifh Geschlossener Immobilienfonds Fur Holland.
The price tag for the 12,000 m2 asset located near Sloterdijk station came to €9 mln. The building is partially leased to Amsterdam’s municipal transport company GVB. The asset will be added to Lone Star Real Estate Fund III.
Last summer Lone Star entered the Dutch office market with the acquisition of 32 buildings from CBRE Global Investors’ Dutch Office Fund for €382 mln. A few months later, the US investor swooped again on the Dutch market with the purchase of five offices from IVG for a sum believed to be in the vicinity of €70 mln.
