White Estate 'buys part of Corio office portfolio'

Amsterdam-based private investor White Estate has reportedly acquired part of the office and business space portfolio put up for sale by listed Dutch property company Corio. Market sources say that the transaction price for the deal which was signed last week was in the region of EUR 350mln. This indicates that Corio was not able to sell the entire 700,000 m[sup]2[/sup] portfolio, valued at EUR 1.2bn, in one transaction. About EUR 700mln worth of the portfolio is located in the Netherlands.

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