MEAG acquires the World Port Center in Rotterdam
| Target: | World Port Center |
| Seller: | Joint Venture between a fund affiliated with MCAP Global Finance (UK) LLP and Unifore Real Estate B.V. |
| Advisory sell side: | Cushman & Wakefield Loyens & Loeff | Legal Advisory Savills | Property Management KPMG | Tax Advisory |
| Buyer: | MEAG |
| Advisory buy side: | Greenberg Traurig | Legal and Tax Advisory BNP Paribas Hollis | Techincal Advisory |
| Date announced: | 2022-09-13 |
Story:
MEAG acquires the World Port Center (worldportcenter.com) in Rotterdam, the Netherlands, as a real estate special fund in which investors from Munich Re Group hold shares. The seller of the property is a joint venture between a fund belonging to MCAP Global Finance (UK) LLP, the UK subsidiary of Marathon Asset Management L.P., a New York-based global asset manager, and Unifore Real Estate B.V. The building is on a long-term lease with the main tenants being the Port of Rotterdam Authority and the Dutch National Police.
The World Port Center, located at ''Kop van Zuid'' is designed by Foster & Partners and has a total of approximately 35.500m² of office space spread over 32 floors.
Claudia Bilgic, Director at MCAP Global Finance (UK) LLP, adds: “we are proud to be passing on a future-proof Core investment to MEAG after years of transformative asset management. The property has seen major improvements and leasing activities during our ownership. We are delighted to have partnered with Unifore and are thankful to our tenants for their support and engagement.”
Source: Floor Seuren