Cromwell and York Capital Management complete sale of CNDP portfolio

Cromwell Property Group (Cromwell) and York Capital Management have sold the final asset from the Cromwell Netherlands Diversified Partnership (CNDP). The asset, Woonboulevard Westpoort, which comprises 26,000 square meters (280,000 square feet) of retail space let to a variety of homeware and DIY tenants, has been sold to Lenferink Groep Zwolle.

CNDP was launched in 2014 with a mandate to build a diversified portfolio of Dutch assets. The fund invested in office, industrial and out-of-town retail sectors and acquired high-quality, well-located real estate across The Netherlands, targeting both single assets and portfolios.

The fund has deployed in excess of €350 million ($419 million) of capital since its launch, acquiring Woonboulevard Westpoort and several large office buildings, including the landmark office “The Mark” in Rotterdam.