APF and Ares Management sells their Office Portfolio in The Netherlands.
APF and Ares Management has sold their office portfolio in the Netherlands for c. € 115 mio to a consortium managed by Aspen Group.
The joint venture between APF International ("APF") and Ares Management ("Ares") has sold a portfolio of 8 office buildings to a consortium of Aspen Group and Israeli institutional parties. The portfolio has a total lettable floor area of . 63,000 sq m and generates c. € 9.5 mio in annual rental income with an occupancy rate of 99%.
The objects are located in Amsterdam, Utrecht, Zoetermeer, Rotterdam and Naarden.
APF and Ares Management have been advised by NL real estate | Knight Frank during the entire commercial process.