German fund manager Real I.S. has bought two adjacent office buildings in Rotterdam from Commerz Real for EUR 36.4 mln. Real I.S. acquired the properties on behalf of an institutional fund.
German fund manager Real I.S. has bought two adjacent office buildings in Rotterdam from Commerz Real for EUR 36.4 mln. Real I.S. acquired the properties on behalf of an institutional fund.
Located at Blaak 28-34, the fully renovated buildings provide some 16,500 m2 of office space and are let on long leases to Rotterdam city council and a law firm.
Commerz Real was advised on the transaction by property services firm Van Gool Elburg, with law firm Houthoff Buruma providing legal advice. Real I.S. was represented by NL real estate with Loyens & Loeff advising on the legal side.
The deal comes a week after Real I.S. acquired the Schlössle Galerie shopping centre in the southwestern German town of Pforzheim from Deka Immobilien for EUR 76 mln.
