VAF Instruments sells industrial space in Dordrecht
VAF Instruments has sold her commercial and office space to a portfolio managed by Equity Estate. The object is located in Dordrecht (Vierlinghstraat 24). It comprises of approx. 4,170 sq m of commercial space, 1,785 sq m of office space and 69 parking places. The market leader in maritime measurement systems leases the space back for a long-term period of time. The total purchase price was approximately € 4,3 million.
The object is a modern production facility that is delivered in 2011 and it is operational since then. It is located in the industrial area Amstelwijck on the southwest side of Dordrecht. Dordrecht has a strategic location because of the proximity of the A15 and A16 and the short distance to railway and barge terminals in Rotterdam and Moerdijk.
The building is the first acquisition of the buyer, who desires to expand its portfolio tot a size of approximately EUR 50 million, with different types of long-term leased real estate on strong locations.
Van Benthem & Keulen was involved on behalf of the buyer. CBRE acted as commercial and technical advisor of the selling party, Nauta Dutilh as legal advisor.
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 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 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.