Breevast buys major real estate portfolio from MPC

Dutch company Breevast has reached agreement with Germany's MPC Münchmeyer Petersen Capital on the purchase of a huge office portfolio in the Netherlands. The transaction involves 99 office buildings with a total floor space of 530,000 m[sup]2[/sup] and 500 tenants located across the Netherlands. The properties come from 27 MPC funds. MPC announced the intention to sell the portfolio in August and the transaction was conducted through a closed tender that involved 15 parties. The financial details were not disclosed but market watchers estimated the price tag at EUR 1 bn. Trimp & Van Tartwijk Property Consultants advised Breevast on the purchase and CB Richard Ellis acted for MPC. It is expected the transaction will be concluded by the end of the year.

Would you like to read more? Log in first (top right of the screen) or take a trial.


Latest news

Best read stories