Publications

Transactions - JANUARY 15, 2021

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Cromwell sells four Dutch properties for €30m

by Andrea Zander

Cromwell Property Group has sold four assets in the Netherlands, totaling 29,642 square meters (319,064 square feet), in separate transactions for a total of €30 million ($36 million). The assets were sold on behalf of a capital partner.

The first two properties were multitenant office buildings located in Zwolle and Breda from the Artemis Portfolio. The other two assets, from the Puffin portfolio, are an office building in Vianen and a mixed-use building in Nieuwegein. All four assets are occupied by high-quality and well-known tenants including Capgemini, Brinks, GE Capital and Baker Tilly.

Wouter Zwetsloot, Cromwell’s head of real estate Europe, said, “The disposals ensure excellent returns for both portfolios and demonstrates our ability to create value through our active management initiatives. We will continue to utilize our on-the-ground local country teams to actively seek both acquisition and disposal opp

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.