AB Alternative Fund acquires "De President" in Hoofddorp

3-7, 2017

Nova Capital has sold the "De President" property in Hoofddorp to AB Alternative Fund SICAV-SIF. Equity Estate is an investor in and the asset manager of the AB Alternative Fund SICAV-SIF. The semi open ended fund consists of 7 buildings in Germany, Luxembourg and The Netherlands.

"De President" property is located at the Jacobus Spijkerdreef 20-24 in Hoofddorp and consist of office, storage and logistic space. The total floor area comprises approximately 9,514 sq.m. with 145 parking spaces. The building is fully let to Scotch & Soda. The acquisition price amounted approximately EUR 8.75 million.

Equity Estate acted as asset manager for the purchaser, performed the complete due diligence and directed the negotiations on LOI and SPA. The due diligence partners on buyer’s side were Holland van Gijzen, SGS Search and Hofstede cs. Seller was advised by Cushman & Wakefield and Retail Capital and represented by CMS as a legal advisor.