SynVest buys commercial property De Stroom 2 in Hoogeveen, The Netherlands

SynVest Dutch RealEstate Fund has acquired a warehouse, located at De Stroom 2 in Hoogeveen, the Netherlands, from Logistics Sun B.V., an investment entity under management of M-Tower Group Ltd, The building comprises 6,384 sq m LFA., divided into 2,000 sq m of office space and 4,384 sq m of industrial space.

The sigle-tenant building has an energy label A, and is fully leased to TenneT, a Dutch-German transmission system operator. The year of construction is 1997, with a renovation in 2020.

Sander van den Engel, Associate Director MidCap Investment at Savills in the Netherlands, says: "De Stroom (power / electricity in Dutch), suitably leased by TenneT; a company engaged in electricity transmission and balance maintenance between electricity supply and demand, fits perfectly within SynVest's portfolio. We are pleased to have advised SynVest once again on a great acquisition in the MidCap market segment."

Savills advised buyer SynVest. Seller was assisted by Montfort Real Estate.