Valad Europe appointed to manage the Dutch Offices I & II portfolios
Valad Europe has been appointed to manage the Dutch Offices I & II portfolios.
Dutch Offices I & II comprises eight office assets totalling approximately 48,000 square metres located in Randstad, Groningen, Den Bosch and Tilburg in the Netherlands. Valad Europe will take over the asset management of the portfolio and will focus on creating value by protecting and increasing rental income and reducing void levels and running costs through the implementation of various asset management initiatives.
Mark McLaughlin, Valad Europe’s head of Benelux, says: "Our focus for the Dutch Offices I & II portfolios is to protect and grow income in the portfolio by establishing close relationships with existing tenants and, where appropriate, repositioning vacant space to attract new occupiers. To be awarded this mandate is a further endorsement of our local platform in the Netherlands and our track record of creating value for our bank and investment partners.”
Valad Europe manages approximately EUR4bn of assets in Europe, across 20 funds and mandates. Valad has a team of 24 working in the Benelux region, managing approximately EUR400m of funds, invested in approximately 70 assets comprising office and industrial space and accommodating 650 tenants.