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Savills IM sells up €579m of European assets to Signal, Deka & JPM

Savills Fund Management GmbH has sold seven assets in the Netherlands, four assets in Paris, two assets in Germany as well as one asset in Vienna. Total transaction market value amounts to c. €579 million. The Dutch assets make up a homogenous portfolio consisting of seven architecturally striking, well let office buildings with strong tenant loyalty and stable income. The lettable floor space of c. 60,000 m² is let to seven companies. The assets are located in Randstad, an area in the west of the Netherlands, which consists of Greater Amsterdam and Rotterdam. Randstad is one of the largest metropolitan areas as well as one of the economically leading regions in Europe. The market value of the portfolio amounted to c. €136 million. Sig...[…]