Focus and NorthWest launch long-term cooperation in the Netherlands
NorthWest Healthcare Properties REIT and Focus Real Estate are working in partnership to build a healthcare real estate portfolio in the Netherlands. The parties are setting out on this cooperative venture with Focus’s clinic portfolio as their foundation, including locations in Hilversum and Rotterdam. These are former office buildings that Focus has transformed into high-quality clinics with long-term leases.
“We see the eagerness among new market players from abroad to cooperate with professional Dutch investors and asset managers,” says Jeroen Hermus of CBRE. “It’s an approach that enables them to expand their Dutch portfolio in a controlled and ongoing manner. We are therefore convinced that this trend will continue in years to come.”
Freek Boeijen of Focus is positive about the new collective strategy: “We are proud of our cooperation with these professional healthcare organisations. In recent years we have established several successful clinics. Our new collaboration with NorthWest allows us to focus not only on the Netherlands, but on the whole of Europe, and to link knowledge, contacts and contracts with Canadian capital. NorthWest is a listed company with a long history in healthcare.”
CBRE’s Capital Markets team initiated the collaboration between the two parties, with the Debt & Structured Finance department supporting NorthWest’s financing of the clinics.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.