Multi Corporation completes sale of Dutch office asset

Financial details were not disclosed.

Multi took over the management of the office in 2023 to stabilise the asset and add value through various leasing activities.

After successfully concluding long-term lease renewals with key tenants, in line with the owner’s business plan, the asset has now been sold to RS4 Maastricht. RS4 Maastricht is an investment vehicle of PRM, ReJeDe and MCI Participations and is based in Maastricht, at Villa Kruisdonk.

Robert Schumandomein 2-4 originally opened in 2001 and has a GLA of 5,645 m2. It comprises six floors and boasts an underground car park as well as a canteen on the fifth floor. It is located centrally in the Maastricht Randwyck office district on the edge of the Brightlands Maastricht Health Campus.

Arnaud du Pont, managing director of Multi Netherlands, said: 'This transaction further highlights the cross-sector, vertically integrated nature of Multi’s business model.

'This is the fourth office sale we have been involved with from the same portfolio in 18 months, all in the Netherlands, and demonstrates our significant capabilities in this sector.

'In all four cases we executed key asset management initiatives to stabilize and add value to the assets ahead of their sales, to ensure the final transactions were attractive for all parties.

'The office market represents an important growth area for Multi as there is significant scope to apply our broad range of skills whether stabilizing assets, undertaking repositioning projects and also converting of offices into residential assets – all are well within our sweet spot particularly as we have our own in-house development team.'