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VAF Instruments has sold their industrial building with office space to a new venture launched by Equity Estate. The property is located on the Vierlinghstraat in Dordrecht and comprises approximately 4,170 m² of industrial space, 1,785 m² office space and 69 parking spaces. VAF Instruments is the leading specialist for development, manufacturing and world-wide sales of various control systems for the marine industry. The acquisition price amounted approximately EUR 4.3 million. This is the first acquisition of the new venture, that wants to expand its portfolio to a size of approximately EUR 50 million, with various types of long-term leased properties on strong locations.
Equity Estate acted as investment manager for the purchaser, performed the complete due diligence and directed the negotiations on LOI and SPA. The due diligence partners were Van Benthem & Keulen, Vedder Vastgoedmanagement and HARTvoorOG. Seller VAF Instruments was advised by CBRE and Nauta Dutilh.
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