Capricorn Capital Group BV and Zetland Special Situations Fund I LP, managed by Zetland Capital Partners LLP, have acquired a group of office buildings from the Chalet Portfolio, located in attractive micro-locations across The Netherlands. Representing the initial transaction of an agreement between Capricorn and Zetland to successively acquire value-add and opportunistic direct real estate in the Netherlands, the portfolio is comprised of eleven buildings with a total LFA of ca. 42,500 sqm. The cooperation partners will embark on a program of yield improvements and selective redevelopment. Capricorn and Zetland are delighted to announce this acquisition, and look forward to exploring further opportunities in The Netherlands. The buyer was advised by Quan Real Estate, Adelaer Real Estate, Ernst & Young, HVG Law and CBRE, the seller by Dentons Boekel.