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Acquisition former Philips Area

Philips Area
December 2015

Together with Borgvast Sebald structured the deal for its client Royal Properties Group, concerning the acquisition of the former Philips terrain in Hilversum. The three existing buildings housed the former telecommunications division of Philips for more than ninety years. The 52.550 sqm. development plot was sold by Propertize, in a planned execution sale. The area is suitable for residential redevelopment, which will be developed by The House of Development.