Triodos Vastgoedfonds has sold the health care property Kastanjehof in Velp to Superstone N.V., a Dutch subsidiary of the Belgian listed property company Cofinimmo N.V.

The process to sell the property was initiated earlier in 2018, as part of the fund’s intention to turn the portfolio into a pure office portfolio. As such, it is not related to the decision made by the EGM of 17 December 2018 to end the fund’s activities.

The property located at Kastanjehof 2 in Velp, was the only health care property in Triodos Vastgoedfonds’ portfolio and is rented out on a long-term basis to Stichting Attent Zorg en Behandeling. The property was acquired by the fund in 2012 and was at the time one of the first and most sustainable health care properties in the Netherlands. The property has an energy label A++ and was built in line with the Regeling Groenprojecten (Green Regulation) from RVO.

The property has been sold above book value at EUR 3.6 million. Triodos Vastgoedfonds has been assisted in the sale by CBRE and Six Legal. The property has been transferred today.