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HighBrook Investors, a New York based real estate private equity firm, has acquired Blaak 333 in Rotterdam through an off-market transaction. Blaak 333 is a single-tenant office building located on a prominent location in the Central Business District of Rotterdam. The building comprises 15,575 sq.m office space and is fully let. A purchase price will not be disclosed nor will the name of the seller. This transaction marks HighBrook’s first entry into the Rotterdam market. The firm is actively seeking more value-add opportunities throughout the Randstad area.
Wouter Stevens, Savills Netherlands, comments: “Blaak 333 is a landmark building in an excellent location within the Central Business District in Rotterdam that combines work, shop and living in the inner city. The office is fully let to a single tenant which is rare in the Rotterdam office market. That makes this an excellent investment opportunity with value add possibilities in the improving Rotterdam investment market.”
Savills acted on behalf of the seller in this transaction. Equity Estate acted as advisor to HighBrook Investors and will co-invest in the building. Equity Estate will also perform the asset management.
HighBrook Investors´ is a real estate private equity firm which is focused on value-added opportunities throughout the US and Western Europe. The firm manages a series of closed-end commingled funds and operates throughout its offices in New York, London and Atlanta. HighBrook has been an active investor in the Dutch market and has now closed six transactions totalling over €160,000,000 in aggregate value over the last 9-10 months.
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