Real I.S. acquires Hollandia in Amsterdam from ING REIM NL (DE/NL)
Tuesday 3 May 2011
Real I.S. has acquired Hollandia in Amsterdam on behalf of its real estate special fund BGV IV. The fund, which was launched in 2010, is the first fund by the Real I.S. Investment GmbH (KAG) and has a target volume of approx. 700 million.
Hollandia is a high-end office development of approx. 9,950 m² and is situated close to Amsterdam’s central railway station. The project was completed in September 2007 and has been fully leased on a long term basis to TomTom International BV since then.
Hollandia was part of the ING Dutch Office Fund, a real estate fund managed by ING Real Estate Investment Management Netherlands. Real I.S, was advised by Loyens & Loeff and Drees & Sommer, ING REIM was advised by DRS Makelaars and NautaDutilh.