The asset comprises approximately 28,033 sqm office space and 223 parking spaces. The property is fully let.
Ronald van der Waals, Fund manager of the CBRE Dutch Office Fund, states: “We are continuously optimising the composition of our core portfolio and will recycle the disposal proceeds in new projects such as WTC Utrecht, NoMa House and the potential extension of WTC Amsterdam.”
The CBRE Dutch Office Fund is a non-listed real estate fund, managed by CBRE Global Investors with € 1.6 billion AUM. The investment strategy is to invest in prime locations in high quality office buildings complemented with innovative services in four largest cities in the Netherlands.
CBRE Global Investors was advised by Savills and Houthoff.
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About CBRE Global Investors
CBRE 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.
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