The fund business managed by US private equity firm Lone Star has acquired five office buildings in the Netherlands. The financial details were not disclosed but PropertyEU Research has calculated the price at roughly €70 mln.

The fund business managed by US private equity firm Lone Star has acquired five office buildings in the Netherlands. The financial details were not disclosed but PropertyEU Research has calculated the price at roughly €70 mln.

The vendor was IVG Institutional Funds, in cooperation with the Ambog Group.

The portfolio comprises the properties A’dammium (Amstel Business Park, Amsterdam), Bibliotheek (Generaal Eisenhowerplein, Rijswijk), De Entree II (Amsterdam-Zuidoost), Quintet Office (Rietlandpark, Amsterdam), and Say Building V (Rieker Business Park, Amsterdam). Together the portfolio provides 40,000 m2 of space.

The Lone Star Funds were advised by Amberley Capital Partners and Commerzbank London as financial advisers, BNP Paribas Real Estate (commercial underwriting), BOAG, and law firms De Brauw Blackstone Westbroek and Loyens Loeff.

IVG was advised by JLL and Hulshof Makelaars. Law firm Straatman Koster Advocaten and Verwey Vastgoed were also involved.