Fordgate, the real estate investment arm of the Gertner family, has bought a major portfolio of Dutch offices from German private bank and closed-end fund initiation business Bankhaus Woelbern. The estimated price tag of EUR 1.2 bn for the portfolio consisting of 72 properties surpasses the EUR 1 bn paid in the MPC office deal in the Netherlands last December. But it is below the EUR 1.4 bn paid by Dutch property group Breevast for the Vendex retail portfolio in 2005.
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