First Sponsor Group snaps up $313m Dutch office portfolio
It wants to have 16 more properties in the Netherlands.
First Sponsor Group has led a consortium in acquiring a 16-property office portfolio in the Netherlands.
The portfolio is owned by Delta Lloyd and is made up of office properties across key business cities such as Amsterdam, Rotterdam, and The Hague.
The acquisition comes with a $313.3m (€205.3m) price tag. The portfolio has an average lease term of 4.5 years, with a net property yield of 6.1%.