Kenmore buys Dutch portfolio for EUR 135m

Kenmore Property Group is acquiring the Landmark Portfolio from White Estate Investments on behalf of its fund MK Capital for a net price of about EUR 135 mln. The portfolio comprises 14 properties located mainly in the Randstad area of central Holland, including Amsterdam, Utrecht, Breda and Amersfoort. The assets provide some 65,000 m[sup]2[/sup] of prime office space let to over 70 tenants and with an occupancy rate of more than 97%. Annual rent is estimated to be about EUR 10 mln.

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