DPM Group has completed the sale of Magna Plaza, the shopping centre behind the Royal Palace at DAM Square in Amsterdam in cooperation with Ringstate. Magna Plaza has been sold to a consortium of institutional investors from Europe and Israel. Sellers are a group from AIB investors and Breevast. It is said that the purchase price is slightly above € 63.5m.
The shopping centre has a retail surface of 5,589m² consisting of basement, ground floor, 1st and 2nd floor. The top floor has 1,420m² of office space. The estimated rental value of Magna Plaza is approx. € .5m p/a.