PropertyEU - October 18, 2007
Dutch energy company Essent has bought a real estate portfolio including nine office and business properties. The assets were acquired via a sale-and-leaseback transaction with a joint venture of Utrecht's Top Vastgoed Beleggingen and Stolwijk's Burgland Vastgoed. Financial details of the transaction have not been disclosed.
The portfolio involves some 62,000 m2 of space in buildings located in the Dutch cities of Roermond, Eindhoven, Den Bosch, Breda, Eemshaven, Emmen, Groningen, Leeuwarden en Hengelo. With the exception of Eindhoven, all the properties have been leased back to subsidiaries of Essent. DTZ Zadelhoff advised the energy company.
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