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Sign in Sign up for a FREE subscriptionM7 sells Dutch office on behalf of fund
M7 Real Estate (M7), a pan-European investor and asset manager specializing in multi-tenanted properties, has sold an office building in the Netherlands, Heliconweg 62, on behalf of M7 European Real Estate Investment Partners IV (M7 EREIP IV) to a local developer.
Situated west of the historical center of Leeuwarden, Heliconweg 62, which comprises a total floor area of 2,765 square meters (29,762 square feet) and 33 on-site car parking spaces, is currently 65 percent let to Kamer van Koophandel, the Chamber of Commerce and a number of SMEs.
Having acquired the asset in 2017, M7 improved the appeal of the property, repurposing the second floor of the building into a business center for smaller occupiers and focusing on tenant retention.
Remko Dickhaut, director at M7 Real Estate, commented, “The opportunistic sale of this asset to a local residential developer comes at an opportune time as the wider location is experiencing an increase in the amount of residen
