You are here

First Sponsor sells Amsterdam office building to associate

First Sponsor says the sale of the site and the office building, Oliphant, will generate development profit while retaining a "meaningful" stake for future capital appreciation and recurrent income.


PROPERTY developer First Sponsor has sold its entire share capital in a wholly-owned subsidiary that has a perpetual leasehold interest in a land parcel in the Netherlands to a 33 per cent-owned associate firm, FSMC NL Property Group.

As a result, the subsidiary, FS NL...

Market voices on: