De Key sells Bog Portfolio in Amsterdam
Woonstichting De Key has sold a portfolio including 48 business properties in Amsterdam to a private Dutch investor. The portfolio consists of commercial spaces, retail properties and restaurants in several Amsterdam districts including the city centre, West and Zuid (South). The portfolio has an occupancy rate of approximately 96%.
Woonstichting De Key is a social housing corporation with over 37,000 rental units in Amsterdam, Diemen and Zandvoort. De Key plans to invest the proceeds from the sale in social housing units for starters in the housing market within the Amsterdam A-10 ring.
CBRE advised seller De Key in this transaction and 1530 Real Estate advised the buyer.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers from more than 450 offices (excluding affiliates) worldwide. CBRE offers strategic advice and guidance in property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; development services; investment management; and research and consulting. Please visit our websites at www.cbre.nl and www.cbre.com.