a.s.r. Real Estate Investment Management sells six office properties to Cairn Real Estate

a.s.r. Real Estate Investment Management (a.s.r. REIM) has sold six offices from the office portfolio of the Basisfonds Stationslocaties C.V. to investment manager Cairn Real Estate. In December 2016 a.s.r. REIM bought this portfolio that included fifteen offices. Nine offices were included in the new founded ASR Dutch Mobility Office Fund.

The six office properties have a total floor space of 63,400 m². All buildings, located in Hoofddorp, Maastricht, Zwolle, Zaandam, Amersfoort and Hengelo are located directly at railway stations. The majority of the properties is multi-tenant and are home to a diversified mix of high quality tenants. The overall occupancy level of the portfolio is about 60%; the larger part of the vacancy is concentrated in one property.

Maarten Briët, managing director of Cairn Real Estate: ‘This acquisition is a perfect fit for our portfolio and our vision on the restructuring of the office market in the Netherlands. Tenants pose high demands to office locations, for example on the work environments, sustainability and accessibility. We are convinced that these excellent located offices with the vision, market insights and investment capacity that we have to offer can be effectively repositioned into lively multi-tenant attractive office locations.’

Pieter Vandeginste, Fund Director ASR Dutch Mobility Office Fund: ‘The sold offices are great investment object, however do not fully fit in the core strategy of the fund. We will continue orientating ourselves on the acquiring of office locations that suit our strategy well in the expansion of the ASR Dutch Mobility Office Fund.’