ING sells WFC tower to MPC Capital (NL)

ING Real Estate Investment Management has sold the third tower of the World Fashion center (WFC) via Hanzevast Beleggingen to MPC Capital for the amount of approx. € 60 mln. The building will be placed in the closed-end fund Holland 50 along with the recently bought head office of ING Bank.

Van Gool & Partners Vastgoedspecialisten advised on behalf of the seller. The tower is approx. 31,850 m² and the main tenant is Cygnific (10,000 m²), part of KLM. The annual rent of the building is almost € 5.4 mln.

For a while now ING has tried to sell the building. A preliminary sales agreement between ING and Fortress was cancelled by the judge on request of the latter.

Source: PropertyNL

Related News