A Dutch office portfolio known as Project Bishop has been sold to Harbert Management Corporation (Europe) LLC and QUAN through a combination of multiple vendors.
Project Bishop consists of three separate portfolios (Queen, Rook and Knight) with a total of 12 office buildings, mainly located in the Randstad area. In total, the portfolios have a lettable floor area of 69,000 sq m and a high occupancy rate of 81%. The combined portfolio offers an excellent combination of stable income and potential with added value.
The sellers were advised by CBRE (commercial) and Allen & Overy (legal). Harbert, which acquired this portfolio in a joint venture with the Dutch asset manager QUAN Investors, was advised by Savills (commercial), GT Law (legal) and SGS Search (technical).