Multi and Fortress to form office JV in Netherlands

Multi Vastgoed, the Dutch subsidiary of Multi Corporation, is joining forces with Rotterdam-based Fortress Groep in a 50/50 office development joint venture in the Netherlands. The parties signed contracts at the Provada real estate fair in Amsterdam on Wednesday to contribute development portfolios of 14 projects with a total development volume of EUR 950mln to the joint venture. The projects are in the four largest cities in the Netherlands, Amsterdam, The Hague, Rotterdam and Utrecht.

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