A joint venture between MPC Capital's Dutch arm Cairn Real Estate and Angelo Gordon has purchased a real estate portfolio in the Randstad area of the Netherlands from Inside Investments.
Financial details were not disclosed.
The portfolio comprises nine buildings with a floorspace of more than 100,000 m2.
The acquired portfolio consists of a mix of income-producing asset classes, but it is predominantly composed of grocery-anchored retail and logistics located in the western urban conglomeration of the Netherlands.
Maarten Briet, managing director at Cairn Real Estate, commented: 'Sourcing of deal-flow in this market requires creativity of both the operational partner and investor. We look forward to working together in this partnership with Angelo Gordon who have proven to be well established in the Dutch real estate market. This acquisition is a great start of our cooperation and we strive for more joint projects in the future.'