Italian insurer Generali is selling its Dutch real estate portfolio, PropertyEU has learned.
Italian insurer Generali is selling its Dutch real estate portfolio, PropertyEU has learned.
The Dutch portfolio comprises 41 assets with a total value believed to be in the vicinity of €275 mln. About of the portfolio comprises retail assets while offices account for 30% and residential for the remaining 20%.
It is understood that the portfolio will be sold in its entirety. Generali Real Estate will use the proceeds for new investments in Dutch real estate.
Individual assets include the Piazza office building in Gouda, La Guardia 2 in Amsterdam and the former Cap Gemini headquarters in Utrecht. The portfolio also comprises several retail units in Amsterdam's main high streets Kalverstraat, Leidsestraat and Rokin as well as residential in Amsterdam and Almere.
Savills and JLL will advise jointly on the sales process.
