Cairn Real Estate, the Dutch subsidiary of Hamburg-based asset and investment manager MPC Capital, has acquired six value-add assets in the Netherlands alongside an international institutional investor for €60 mln.
The portfolio comprises six office buildings located directly at railway stations in the Dutch cities of Hoofddorp, Maastricht, Zwolle, Zaandam, Amersfoort and Hengelo, with a total floor space of 63,400 m2. The transaction is a follow-up deal to the 'Transit' investment project which was concluded early 2016.
'Tenants pose high demands to office locations, for example on the work environments, sustainability and accessibility. We are convinced that these excellently located offices with the vision, market insights and investment capacity that we have to offer can be effectively repositioned into lively multi-tenant attractive office locations,' commented Maarten Briët, managing director of Cairn Real Estate.
All of the buildings are located directly at railway stations. Most of the properties are multi-tenanted and the overall occupancy level is about 60%, with the larger part of the vacancy concentrated in one property.
'This transaction is a perfect fit for our office portfolio in the Netherlands. The excellent market insight and the hands-on approach of our Dutch team of real estate experts are bringing added value to the properties and an attractive upside to our investors,' said Dr Roman Rocke, board member of MPC Capital.
MCP Capital is a listed investment manager focused on real estate, shipping and infrastructure.
