Sunday, September 20, 2009

UVIT Completes EUR 32 Million Sale Leaseback of Offices in Eindhoven

PropertyEU - September 17, 2009

Lloyd Fonds has acquired an office building in the Dutch city of Eindhoven for EUR 32 mln. The property was purchased in a sale-and-leaseback transaction from UVIT, one of the largest health insurance providers in the Netherlands. UVIT has a 15-year lease.

The asset is located in the Kennedy Business Centre in the city and is being contributed to 'Holland Eindhoven', the latest in a series of Lloyd funds for the Netherlands. Marketing for the fund begins later this year.

Based in Hamburg, Lloyd Fonds is a leading initiator of closed-end funds and structured investment products. The Company is predominantly active in two asset classes, namely transportation (shipping, aircraft and secondary-market shares) and real estate. To date, an investment volume totalling around EUR 4.5 bn has been realised. Sphere: Related Content

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