German fund manager Munich Ergo Asset Management (Meag) has sold a portfolio consisting of six commercial properties in the Netherlands to Dutch privately-owned asset manager Solidiam. The portfolio provides a total 60,000 m[sup]2[/sup] of space leased to about 20 tenants. The financial details of the transaction were not disclosed.
German fund manager Munich Ergo Asset Management (Meag) has sold a portfolio consisting of six commercial properties in the Netherlands to Dutch privately-owned asset manager Solidiam. The portfolio provides a total 60,000 m2 of space leased to about 20 tenants. The financial details of the transaction were not disclosed.
The portfolio includes the 37,000 m2 De Heerd building in southeast Amsterdam, which is leased to Hema en Vendex KBB; the Amstel III property in Amsterdam, the Columbia building in Schiphol-Rijk, Cobbenhage II in Rijswijk, Compagnie in Veenendaal and IJsselwinde in Deventer.
Jones Lang LaSalle acted as adviser to Meag.
Munich-based Meag is the asset manager of Munich Re and Ergo Insurance Group. Meag manages assets totalling EUR 181bn, of which EUR 12bn is invested in property.
