CBRE Global Investors has successfully completed the sale of three office buildings, the Zuiderhof pavilions, located at the Jachthavenweg in Amsterdam. The three buildings used to be part of the CBRE Dutch Office Fund. The sale comprises approximately 6,145 sqm office space and 76 parking spaces. The buyer is Real I.S. for the diversified special AIF real estate fund “BGV VII Europa”. All properties are fully let.
Ronald van der Waals, Portfolio Director of the CBRE Dutch Office Fund, states: “Recycling of capital is an essential part of our strategy to ensure that our portfolio remains of the highest quality. We achieve this by selling properties that no longer fit our portfolio, as well as by actively reinvesting capital on existing projects and new developments, where we can create value for our investors”.
The CBRE Dutch Office Fund is a non-listed real estate fund, managed by CBRE Global Investors with € 1.5 billion AUM. The investment strategy is to invest in high quality office buildings complemented with innovative services at 10 hotspots within the four largest cities in the Netherlands.
CBRE Global Investors was advised by Cushman & Wakefield and Houthoff Buruma.
- END -About CBRE Global InvestorsCBRE Global Investors is a global real estate investment management firm with $86.6 billion in assets under management* as of December 31, 2016. The firm sponsors investment programs across the risk/return spectrum for investors worldwide.CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG). It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors. CBRE Group, Inc. has more than 75,000 employees in approximately 450 offices (excluding affiliates) worldwide. For more information about CBRE Global Investors, please visit www.cbreglobalinvestors.com.*Assets under management (AUM) refers to the fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors' presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers.This material may not be distributed in any jurisdiction in which it is illegal to do so. The information herein does not constitute an offer to sell or a solicitation of an offer to purchase any security. Past performance is not a guarantee of future performance.