Corio portfolio formally acquired by White Estate Investments
30-09-2008
Corio and the consortium led by White Estate Investments (WEI) have today successfully finalized the acquisition of Corio’s Dutch office and commercial property portfolio. The transaction volume, including costs and taxes, amounts to approximately EUR 700 million.
Led by White Estate Investments (WEI), the acquisition of Corio’s Dutch office and commercial property portfolio has now been finalized. On 25 April this year a consortium of Dutch investors signed the purchase contract.
The portfolio comprises a total of 11 industrial buildings, 2 multi-storey car parks and 35 office buildings with a lettable floor area of 430,000 sqm. A major part of the total portfolio has been structured to form the Omega Fund. The office buildings are mostly located in the Randstad conurbation, each one with an average area of about 5,000 sqm. The fund has an opportunistic character and will be optimized through active asset management. The management of the Omega portfolio is in the hands of WEI. The industrial properties and a number of trophy buildings on long leases have recently been sold to a number of institutional and other investors.
At the same time as the transfer of the portfolio, eleven employees of Corio Nederland Kantoren have entered the employment of White Estate Investments. This is in line with WEI’s aim to achieve growth and broaden its investment management activities.
For this acquisition Loyens Loeff acted as legal adviser, Royal Haskoning assessed the technical and environmental aspects of the portfolio, PKF Wallast acted as tax adviser and DTZ Zadelhoff acted as valuer. FGH, SNS and HSH Nordbank acted jointly as financing partners, FGH acting as lead arranger.
News
07-04-2025
PingProperties welcomes TNO to Dutch Tech Campus in Zoetermeer
PingProperties has signed a long-term lease with TNO, the organization for applied science and technology, for Dutch Tech Campus (DTC) in Zoetermeer. This lease is for a total of 2,419 m2 LFA of business space and 6 parking spaces at Werner Von Siemensstraat 17 (building C3).
11-03-2025
PingProperties lets vacant units in the Koploper in Amersfoort
In February PingProperties renewed and added extra office space to long-term leases with three tenants in the Koploper building, located at Stationsplein 89 in Amersfoort. The tenants are Stichting Toegepast Onderzoek Waterbeheer (STOWA), Alzheimer Nederland and Trans Link Systems.
03-03-2025
PingProperties sells BOB Autowas in Rotterdam IJsselmonde
PingProperties has successfully sold the branch of BOB Autowas Rotterdam IJsselmonde, part of its light industrial portfolio. This strategically placed site is located on the Cornelisland business park in Ridderkerk, right next to the intersection of the A15 and A16 which makes it extremely accessible and highly visible.