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.