Hamburg-based investment manager MPC Capital has acquired a portfolio of six office properties located next to large railway stations in the Netherlands for €69 mln.
Hamburg-based investment manager MPC Capital has acquired a portfolio of six office properties located next to large railway stations in the Netherlands for €69 mln.
MPC Capital announced on Thursday that its Dutch unit, Cairn Real Estate, acting in cooperation with an institutional investor, purchased the so-called Transit portfolio from Dutch Basisfonds Stationslocaties CV.
CV stands for commanditaire vennootschap, a Dutch collective investment fund typically backed by small retail investors.
The 52,500 m2 portfolio consists of six office properties located at railway hubs in the Dutch cities of Utrecht, Breda, Groningen, Haarlem, Leeuwarden and Schiedam.
MPC said that all the assets are leased to 'solid and well established parties', including Dutch government agencies and the municipality of the city of Schiedam.
'This acquisition is an excellent addition to our property portfolio. The combination of attractive buildings, strategically located on some of the busiest commuter hubs in the Netherlands and the solid occupancy structure, provide a sound investment opportunity,' said Roman Rocke, board member of MPC Capital.
Law firm Loyens & Loeff advised the buyer. Cushman & Wakefield and Houthoff Buruma advised the vendor.
MCP Capital is a listed investment manager focused on real estate, shipping and infrastructure. The group has €3 bn of assets under management,
