Goldman Sachs and Valad Europe buy €217m Zenith portfolio in the Netherlands
Goldman Sachs and Valad Europe have jointly acquired the Zenith portfolio of office and industrial assets in the Netherlands from Altera Vastgoed for around €217m.
The high quality portfolio comprises 180,000 sq m of space, made up of 18 office buildings (111,921 sq m) and seven (68,664 sq m) industrial assets.More than three quarters of the portfolio is located in the Randstad conurbation, which includes three of the largest Dutch cities, Amsterdam, Rotterdam and Utrecht. It is currently let to 98 tenants including UWV, Intertrust, Blue Sky Group and Funda.Mark
The Zenith Portfolio comprises assets such as Prins Bernardplein 200 in Amsterdam (21,852 sq m), Piet Heinkade 167-173 in Amsterdam (6,131 sq m) and Moeder Teresalaan 100-200 in Utrecht (22,218 sq m).
CBRE advised Valad Europe and Goldman Sachs on the purchase. DTZ Zadelhoff and BNP Paribas Real Estate advised Altera Vastgoed nv. Loyens & Loeff advised the purchaser and BOEKEL advised the vendor in legal matters.
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.