Valad Europe, the real estate investment manager, has been appointed to manage two office portfolios.
Valad Europe, the real estate investment manager, has been appointed to manage two office portfolios.
Dutch Offices I & II comprises eight office assets totalling 48,000 m2 located in the Randstad conurbation, Groningen, ‘s-Hertogenbosch and Tilburg in the Netherlands.
Valad Europe will take over the asset management of the portfolios, which were formerly managed by fund manager Hanzevast.
Mark McLaughlin, Valad Europe’s head of Benelux, commented: 'Our focus for the Dutch Offices I & II portfolios is to protect and grow income in the portfolio by establishing close relationships with existing tenants and, where appropriate, repositioning vacant space to attract new occupiers. To be awarded this mandate is a further endorsement of our local platform in the Netherlands and our track record of creating value for our bank and investment partners.'
Valad Europe manages approximately €4 bn of assets in Europe, across 20 funds and mandates. Valad has a team of 24 working in the Benelux region, managing approximately €400 mln of funds, invested in approximately 70 assets comprising office and industrial space and accommodating 650 tenants.
