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.
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