White Rock Investments III, a White Estate Investments fund, has acquired the Penta portfolio in the Netherlands from British fund Cambridge Place Investments for EUR 68 mln.
White Rock Investments III, a White Estate Investments fund, has acquired the Penta portfolio in the Netherlands from British fund Cambridge Place Investments for EUR 68 mln.
The portfolio consists of a retail and office complex in Rotterdam; an office building in Capelle aan den IJssel leased to KPN; and a 11,000 m2 office complex in the centre of Utrecht that is let to the municipality and the government's building agency. The assets provide a total leasable area of 32,000 m2.
Jones Lang LaSalle advised Cambridge Place, while Savills acted for White Estate Investments.
