Kenmore acquires €36m Dutch portfolio (NL/UK)

Kenmore, on behalf of Kenmore Europe, a joint venture with HBoS and Revcap, announces the acquisition of the Kraaggebouwen portfolio in Amsterdam. The transaction reflects a net initial yield of 7%.

The portfolio comprises eight office buildings totalling 203,148 ft² (18,874 m²) and presents the opportunity to increase value through re-gearing existing leases and refurbishment and reletting of vacant accommodation.

Rob Brook, Managing Director of Kenmore Property Group, commented: "Kenmore now has a portfolio in the Netherlands in excess of

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