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Ares Sells Rotterdam Office Building for €51.7 Million, Below CMBS Valuation

PE Firm Failed to Sell Las Palmas Last Year for €60 Million
Developer OVG added two mezzanine floors in 2007, giving the property its distinctive shape. (CoStar)<br><br>
Developer OVG added two mezzanine floors in 2007, giving the property its distinctive shape. (CoStar)

Ares Management has sold the Las Palmas office building in Rotterdam to Buysse & Partners, according to the investor’s local asset manager, APF International Investment Management.

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News | Ares Sells Rotterdam Office Building for €51.7 Million, Below CMBS Valuation