On 15 September, Vastgoed CV APF XIV was sold for 9.5 million Euros to a group of Dutch investors. The fund included one property: Minervahavenweg 3-5 in the Houthavens area in Amsterdam.
The last tenant of the building was fashion brand Gaastra, which recently went bankrupt. The fund, which was placed in a limited circle in 2012, in collaboration with Reyersen van Buuren, realised an average simple annual return of 17.3 percent over the maturity of the fund. Two weeks ago, APF Vastgoed CV sold APF XII, which made an average simple return of 22.7 percent. The purchaser is Credit Suisse, which paid 17 million Euros for the Ydek building. In the middle of the financial crisis, both funds invested in office buildings in the Houthavens area in Amsterdam, an area that was and still is under development.
NL Real Estate supported the seller during the entire commercial process. Albers en Van Tienen Notaries advised the seller on legal issues.
P. van den Bosch Commercial Real Estate Agents B.V. acted on behalf of the buyers.