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Transactions - DECEMBER 2, 2019

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Tristan buys Dutch office portfolio for €370m

by Andrea Zander

Tristan Capital Partners has acquired an office portfolio in the Netherlands for approximately €370 million ($410 million).

The seller was German asset manager Commerz Real.

The 126,000-square-meter (1.4 million-square-foot) portfolio comprises six high-quality office properties, located in established submarkets of Amsterdam (three properties) and Utrecht (three properties). All properties have good public transport connections and are located in office submarkets that are experiencing continuing improvement.

The portfolio’s largest asset is the Millennium Tower, a landmark building in the Sloterdijk business district of Amsterdam, located just 500 meters (1,640 feet) from the Sloterdijk inter-city railway station. The property comprises 42,000 square meters (452,000 square feet) of high-quality space, divided over 23 floors, as well as 382 parking spaces. The second-largest asset in the Amsterdam area is Handelsplein, located a five-minute walk from the me

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