CMS has advised a consortium consisting of Aspen Group and a number of other Israeli institutional parties in the purchase of a real estate portfolio. The consortium has acquired a property portfolio consisting of 8 (office) buildings from APF International and Ares Management. The total transaction value amounted to approx. € 115 million. The portfolio has a total lettable floor area of approximately 63,000 m² and generates approximately 9.5 million euro in annual rental income with an occupancy rate of 99%. CMS performed the due diligence and advised the consortium on the financing process.
The advisory team comprised Herman van Aerts (lead counsel), Eduard Scheenstra, Jenny Noordermeer, Jesler Hartman Kok, Patrick Chung, Bob van Zijl, Petra de Rooy, Femke Stroucken, Jeroen van den Bos and Kirsten Haanstra.