Union Investment Real Estate has appointed real estate advisor Savills to manage the First Rotterdam office building in The Netherlands.
The building is 128 meters high, and comprises more than 40,000 m2 of offices, cafe and restaurant space with an underground parking garage.
'This appointment builds on our existing relationship with Union Investment as we currently manage several properties, office buildings as well as hotels, across The Netherlands,' said Peter Sybesma, managing director of Asset & Property Management at Savills in The Netherlands.
The mandate comes just days after Savills completed the marketing process and sale of De Rotterdam, a 44-floor mixed-use tower complex in the Dutch port city of Rotterdam to a consortium of South Korean institutional investors. The deal amounted to an estimated €350 mln - the largest single-asset investment transaction in Dutch real estate history.
News of the deal comes a day before the start of the 2016 edition of the Provada real estate fair, which features the International Business Programme, focused on cross-border investors active in the Netherlands.
