US investor Fortress Investment Group has emerged as the buyer of the Liv office portfolio in the Netherlands from German property group Deka Immobilien for €360 mln.
The 13-property strong package provides a total of more than 175,000 m2 of leasable space and 2,287 parking spaces.
The properties are distributed over seven locations, most in the Randstad metropolitan area, which includes the cities of Amsterdam, Utrecht, Rotterdam and The Hague, among others.
Eight of the properties come from the WestInvest InterSelect open-ended real estate fund, and three from the Deka-ImmobilienEuropa open-ended real estate fund. The remaining two properties come from two different institutional funds.
Deka said that it used this transaction to sell mostly small properties with an average holding period of more than 15 years.
