INTERNOS Global Investors has sold the HBI Netherlands portfolio, on behalf of BGP Investment Sarl, to Hansteen for a total consideration of EUR106 million.
The HBI Netherlands portfolio comprises 41 light industrial assets located across the Netherlands, predominantly in the Randstad area. The total size of the portfolio extends to 370,000 sq m with over 360 tenants in occupation.
INTERNOS was appointed asset manager of HBI in December 2009 and has maintained income and occupancy levels throughout its management period.
INTERNOS now manages EUR390 million of assets across the Netherlands on behalf of three clients.
Hugo van der Goes, managing director of INTERNOS in the Netherlands, says: “INTERNOS successfully completed its asset management strategy on this portfolio, having maintained consistent revenue and occupancy levels over the past five years. This sale demonstrates the depth of knowledge and expertise that our local teams of asset managers have of the markets in which we operate.”