Philips sells under the High Tech Campus to investors

Philips has for an amount of 425 million euros of real estate at the High Tech Campus Eindhoven was sold to a consortium of private investors. By selling other companies the chance to get on the ground to settle.

On the High Tech Campus, around a hundred technology companies located on a site of 250,000 square meters. In total 8000 people. The Campus was founded in 1998 by Philips. The electronics group has, however, decided to sell the property.

Buyer of the High Tech Campus is a group of investors that is led by entrepreneur Marcel Debates. The investors count 425 million down to the ground, a book profit of 65 million euros for Philips. The electronics group will be at the High Tech Campus to stay active and have commercial premises on the ground rent.

According to Philips get other companies by the sale to a group of investors now also have the opportunity to be on the High Tech Campus to establish. Moreover, it would be Philips, according to a spokesman better able to focus on its core business now the land was in the hands of a real estate developer.