Redevco Netherlands has bought the Dutch real estate of German capital management company IBI Real Estate. The portfolio contains three stores, three office buildings, an industrial hall and a multiplex cinema. The transaction is worth Ã¢âÂ¬ 60 mln.
It concerns office buildings in amongst others The Hague and Leusden, retail objects in Rotterdam, Assen and Purmerend and a multiplex cinema in Enschede; Wolff exploits the latter. The acquisition of the IBI-portfolio increases Redevco NetherlandsÃ¢â¬â¢ portfolio to Ã¢âÂ¬ 465 mln. and also results in a better spread over the several real estate sectors.
Last year Evia Real Estate announced that they had taken over the Dutch portfolio of IBI Real Estate for a value of approx. Ã¢âÂ¬ 81 mln. But according to AndrÃÂ© van den Berg, managing director Redevco Netherlands, Evia wasnÃ¢â¬â¢t able to take over the objects. Redevco wonÃ¢â¬â¢t give any indications regarding rents of initial result. CIMA-groep mediated the transaction. Boer Hartog Hooft and Fortrus (technical aspects) advised Redevco Netherlands.