LAWFUEL – Press Release Service – Allen & Overy is advising William Properties, a leading independent Dutch real estate developer, in connection with the agreement with Fortis for the acquisition of its shares by Fortis’ subsidiary (Fortis Real Estate Development).
At the end of 2005, the total real estate portfolio of William Properties was valued at approximately € 1.4 billion.
Netherlands-based partner Johan Kleyn led the Allen & Overy team, assisted by among others Floris Pierik.
Commenting Johan Kleyn said: “The real estate development market in the Netherlands is undergoing a period of consolidation and we anticipate this trend to continue. This transaction further reflects our strength in the real estate development market. and it builds further on our expertise having recently advised on the sale of the real estate portfolio of VHS Onroerend Goed Maatschappij N.V. and the sale of AM Development.”
For further information, please contact Jo Shepherd (jo.shepherd@allenovery.com) on +44 (0) 20 7330 2195 or on 07771 896 290.
