Clifford Chance

Clifford Chance advises NorthStar Realty Europe on its disposal of Maastoren in Rotterdam

European-focused commercial real estate firm NorthStar Realty Europe has sold the Maastoren (Maas Tower) in Rotterdam, the tallest office building in the Netherlands, to a joint venture made up of between FOM Real Estate, Asia Pacific Real Estate and Coquine SA.

NorthStar acquired the 44 floor, office building which comprises 38,000sqm of floor space and 639 parking spaces in an indoor parking garage, in December 2014.

The listed real estate investment trust, managed by Colony NorthStar, stated the Maastoren is its largest remaining non-core asset and the sale marks the group’s exit from the Netherlands.

The Clifford Chance team that advised Colony NorthStar was led by Liesbeth Buiter and furthermore consisted of Krishna van Zundert, Thomas Heijerman and Kiki Molewijk-Grooss.