Amsterdam city council plans to build a new stadium for the city with capacity for about 80,000 people. The move, announced by council executive Carolien Gehrels, is aimed at boosting Amsterdam's bid to host the football World Cup in 2018 or the 2028 Olympics. According to an estimate made by Dutch property magazine PropertyNL, the stadium would have a development cost of between EUR 60 mln and EUR 80 mln.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
