Dutch real estate firm Heijmans Vastgoed and merchant bank NIBC have sold the second phase of their Rond de Admirant project in Eindhoven for about EUR 80mln. The asset was jointly acquired by Stichting Spoorwegpensioenfonds, and Stichting Pensioenfonds Openbaar Vervoer, two Dutch pension funds for the transport sector, together with the real estate investment unit of Italian insurance giant Generali, which was advised on the transaction by SPF Beheer.
Dutch real estate firm Heijmans Vastgoed and merchant bank NIBC have sold the second phase of their Rond de Admirant project in Eindhoven for about EUR 80mln. The asset was jointly acquired by Stichting Spoorwegpensioenfonds, and Stichting Pensioenfonds Openbaar Vervoer, two Dutch pension funds for the transport sector, together with the real estate investment unit of Italian insurance giant Generali, which was advised on the transaction by SPF Beheer.
The development, located in the city center of Eindhoven, involves a 12,000 m2 shopping centre with an underground QPark for 360 cars, 811 m2 of office space and 4126 m2 of leisure facilities. The project is 80%-leased and should be completed in 2009.
