Union Street sells Marathon 5 and 7 located on the Arenapark in Hilversum
Union Street has sold an asset located on the Arenapark in Hilversum. The asset, located at Marathon 5 and 7, consists of two office buildings with a total surface of approximately 8,733 m2. The entire asset has been leased to NCOI. The Arenapark is an attractive business and work environment with excellent accessibility by car and public transport.
Union Street is a platform that was established in 2015 to invest in various Dutch real estate assets. Union Street was founded and is owned by Monarch Alternative Capital LP, a leading investment firm. Monarch Alternative Capital LP is a global investment firm founded in 2002 with approximately $9 billion in assets under management. Monarch focuses primarily on opportunistic credit and distressed situations across corporate debt, real estate, special situations, and other market segments. Monarch draws on the skills and experience of its employees across its offices in New York and London.
Union Street was advised commercially by Spring Real Estate, which was also responsible for the management of the building, and legally by Loyens & Loeff. The Buyer was assisted commercially by Resource Capital Partners and legally by NautaDutilh.
