Goldman Sachs and Valad Europe have co-invested in a Dutch office and industrial portfolio in the Netherlands.
Valad will manage the portfolio of 25 assets, sold by Altera Vastgoed for an undisclosed amount.
The 180,000sqm βZenithβ portfolio includes 18 offices and seven industrial assets.
David Kirkby, chief executive at Valad Europe, said the company had worked with Goldman Sachs in the past, managing the Omikron and Chronos Dutch office portfolios.
βThe Zenith portfolio comprises some high-quality, well-known buildings,β he said.
More than three-quarters of the portfolio is in the Randstad conurbation.
Tenants include UWV, Intertrust, Blue Sky Group and Funda.
Chief executive RenΓ© Hogenboom said Altera Vastgoed had opened its fund to domestic and foreign insurance companies, in addition to Dutch pension funds.
βAs a result, we are selling our office portfolio and some light industrial assets to restructure that portfolio,β Hogenboom said.
Meanwhile, Vesteda has agreed to buy 55 rental apartments in Haarlem.
The project, in the Schalkwijk district, is a former development of housing corporation PrΓ© Wonen, now part of construction company HSB.
Two apartment blocks, Twister and Tango, are being built by HSB for the owner-occupier and rental markets, respectively.
is buying the latter.
Nico Mol, acquisitions and development director at Vesteda, said Haarlem was a βstrong rental marketβ, with few new-build rental projects.
