Hanzevast Capital is offering 20 office buildings from various Dutch real estate groups in a single portfolio which market watchers estimate will be worth at least EUR 100 mln. Hanzevast has already received several preliminary bids from investors and the portfolio will be offered to the highest bidder on November 24.
Hanzevast Capital is offering 20 office buildings from various Dutch real estate groups in a single portfolio which market watchers estimate will be worth at least EUR 100 mln. Hanzevast has already received several preliminary bids from investors and the portfolio will be offered to the highest bidder on November 24.
'The transaction will only go ahead if the minimal anticipated return - agreed between the participants - is achieved. Naturally, we are striving for the highest possible return, a spokesperson for the company said. Aside from Hanzevast, DTZ Zadelhoff, Houthoff Buruma and BDO Accountants are advising on the sale.
The properties come from Dutch real estate partnerships 12, 18, 19, 21, 25 and 27.
The deal is independent of the sale of about EUR 1 bn of Dutch real estate from the Schwert Rendite real estate funds of MPC Capital, formerly Hanzevast Capital.