Goldman Sachs has appointed Valad Europe to manage its Chronos portfolio of 18 assets across the Netherlands.

Goldman Sachs has appointed Valad Europe to manage its Chronos portfolio of 18 assets across the Netherlands.

The package provides a total of 76,238 m2 of office space, in 15 locations, and is currently let to 84 tenants including the Dutch police, Regus, UWV (benefits administrator) and MSC Rotterdam. It comprises assets such as Kabelweg 21 in Amsterdam (14,000 m2), and Westblaak 182 in Rotterdam (10,800 m2).

The majority of the assets are located in the Randstad conurbation in the Netherlands, which includes four of the largest Dutch cities: Amsterdam, Rotterdam, The Hague and Utrecht.

This mandate follows Valad Europe’s appointment earlier this year as asset manager for the Omikron Portfolio by the same investor. Since taking on the management of the Omikron Portfolio, Valad Europe has renewed a major lease with Towers Watson on 4,000 m2 of space for a further six years.

Mark McLaughlin, Valad Europe’s Head of Benelux, commented: 'This is a great new mandate with many opportunities for our team to use their local knowledge to increase value through smart asset management strategies.'