MPC Capital has launched a new commercial real estate platform called “InTheCity,” which will be run by MPC Capital’s Dutch subsidiary, Cairn Real Estate, and initially consist of eight assets, valued at €120 million ($135 million).
The platform will follow Cairn Real Estate’s office strategy that focuses on assets located in close proximity to major transport hubs in strong regional cities in the Netherlands. These assets must also be highly sustainable, offer flexibility to tenants and have a focus on employee well-being.
The seed portfolio consists of eight assets that were initially acquired by Cairn Real Estate in 2016 under a redevelopment mandate. The assets were originally from the former “Transit” portfolios and have yielded a strong return for the initial investors.
The properties total approximately 63,000 square meters (678,000 square feet) of office space and are located in Groningen, Leeuwarden, Zwolle, Utrecht, Amersfoort, Schiedam a
