HighBrook Investors, a New York-based real estate private equity firm, has acquired Blaak 333 in Rotterdam through an off-market transaction.
Blaak 333 is a single-tenant office building located on a prominent location in the Central Business District of Rotterdam. The building comprises 15,575 m² office space and is fully let to Rabobank.
A purchase price will not be disclosed nor will the name of the seller.
This transaction marks HighBrook’s first entry into the Rotterdam market. The firm is actively seeking more value-add opportunities throughout the Randstad area.
Wouter Stevens, Savills Netherlands, comments: “Blaak 333 is a landmark building in an excellent location within the Central Business District in Rotterdam that combines work, shop and living in the inner city. The office is fully let to a single tenant which is rare in the Rotterdam office market. That makes this an excellent investment opportunity with value add possibilities in the improving Rotterdam investment market.”