Transactions - MAY 31, 2023

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GARBE Institutional Capital sells office building in the Netherlands

by Kali Persall

GARBE Institutional Capital, an investment manager and real estate developer, has sold the office building at Fellenoordstraat 72-94 in Breda, a municipality located between Rotterdam and Antwerp.

FOUR-D, an independent and nationally active property developer, acquired the building on behalf of one of its funds for an undisclosed amount.

The office asset encompasses more than 3,200 square meters (34,444 square feet) of gross leasable area and 57 parking spaces. It is fully leased to five tenants.

FOUR-D plans to include the site in medium-term developments of the area Gasthuisvelden.

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