Dutch company AZL Vastgoed Kantoren is selling its entire property portfolio to a consortium of funds managed and advised by Axa Reim for EUR 290 mln, excluding costs. The portfolio includes 58 office properties located across the Netherlands. The assets are expected to generate an annual net income of EUR 17.7 mln. The members of the consortium are Axa Property Trust, European Added Value Fund, European Real Estate Opportunity Fund II, AXA Sun Life and European Office Income Venture. AZL Vastgoed advised by Troostwijk Makelaars and Cushman & Wakefield acted for Axa Reim.
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