AMSTERDAM, 6 December 2016 – International real estate advisor Cushman & Wakefield, in collaboration with Houthoff Buruma, has sold the Transit 2.0 portfolio on behalf of Basisfonds Stationslocaties to a.s.r. Vastgoed Vermogensbeheer for its ASR Dutch Mobility Office Fund. The Transit 2.0 portfolio includes 15 offices at, or in the direct vicinity of, stations in large and midsized cities in the Netherlands. The total portfolio has a volume of approximately 165.000 sq.mtr.
Basisfonds Stationslocaties is a property fund of Dutch Railways and a number of institutional investors. The beginning of 2015 launched the start of the dissolution of the fund and the disposal of its real estate assets. Cushman & Wakefield realised the sale of the Transit 1.0 office portfolio in 2015 for approximately €70 million to a combination of Cairn Real Estate and Kingstreet. Subsequently, Cushman & Wakefield was mandated for the sale of the Transit 2.0 portfolio comprising of 17 offices and the IBIS Hotel next to Central Station in Amsterdam.
Ahead of the structured tender process Cushman & Wakefield realised the sale of the two IBIS Hotels for € 67 million to parent company Accor Hotels Group followed by the sale of two offices being Tulpenburg (7.000 sq.mtr) and Inktpot (27.000 sq.mtr) in the centre of Utrecht to tenant ProRail for approximately € 72,5 million. The remaining office portfolio of 15 offices (approx. 165,000 sq mtr) is marketed since June 2016 under the name Transit 2.0 via a structured tender process.
Mathijs Flierman, Partner, Capital Markets Group, Cushman & Wakefield: “The interest in this unique portfolio was overwhelming and in my opinion a turning point in the investment market for office real estate. Investors with all backgrounds, varying from traditional foreign private equity investors to national and international institutional investors. a.s.r. Vastgoed Vermogensbeheer was the buyer having the best tickets to purchase the portfolio for approximately € 275 million.”
Cushman & Wakefield sold Transit 2.0 on behalf of Basisfonds Stationslocaties in collaboration with Houthoff Buruma. a.s.r. Vastgoed Vermogensbeheer is advised by CBRE, PWC en NautaDutilh.
For more information, please contact:
Ingrid Wallisch | Phone: 020 800 20 48 | Mobiel: 06 4688 1872