Multi Vastgoed and Fortress are to join forces in a 50/50 joint venture (JV) exclusively for office development. The name of the new company will be announced soon. The two companies have decided to work together on the basis that it is logical to strengthen each other's positions in the market. Multi has undergone strong expansion in recent years as an investment developer in the area of retail and city center developments in more than 23 countries in Europe. Placing office activities in the Netherlands in a new joint venture fits in with this trend.
This cooperation provides both parties with a unique opportunity to create and extend a superb development portfolio in city centres and suburbs in a very creative manner with a professional team of developers. The aim of both parties is to be able to respond more effectively to the opportunities this market offers. The new company will have access to a portfolio with substantial development potential.
This concerns a portfolio with a total development volume of some