MStar Europe, a joint venture between M7 Real Estate and Starwood Capital Group, has acquired 12 light industrial assets in the Netherlands for a total sum of €48 mln.
MStar Europe, a joint venture between M7 Real Estate and Starwood Capital Group, has acquired 12 light industrial assets in the Netherlands for a total sum of €48 mln.
The vendors were investment company Brivec, seller of the biggest asset (42,000 m2) in the city of Groningen for just over €14 mln, Valad Europe and GJAM de Graaf.
The assets will be added to the MStar Europe II fund.
Besides Groningen, the assets are located in Amsterdam, Zoeterwoude, Houten, Breda, Weesp, Etten-Leur, Nieuwegein and Raamsdonkveer.
