NL – PPF Real Estate closes major portfolio acquisition in The Netherlands

The Czech real estate investor PPF Real Estate has closed the acquisition of seven real estate properties in The Netherlands. The Dutch team of the CVO Group supported the investor with technical diligence services.

Chesea office building in Rijswijk

The acquisition concerns 6 office buildings and 1 shopping center in various key locations in The Netherlands. AXA REIM sold the properties on behalf of the German AXA Immoselect fund. In total, the properties comprise about 100.000 m2 LFA.

PPF Real Estate presently has an international real estate portfolio of about 1 billion euro under management.

Besides by CVO the investor was supported by NL Real Estate, Tauw BV and Ploum Lodder Princen.

Based on an article by Vastgoedmarkt of july 2013.