'Property Prince' Bernhard Jr. Sells Real Estate and Business Interests
Translated from Dutch, summarized and contextualized by DistantNews.
At a glance
- Prince Bernhard van Oranje-Nassau, known as 'Pandjesprins,' is divesting significant business and real estate assets.
- His investment company, Cyrte Investments, has sold its stake in the online retailer Wehkamp.
- This move follows earlier sales of stakes in companies like The Student Hotel and a significant real estate portfolio.
Prince Bernhard van Oranje-Nassau, often dubbed the 'Pandjesprins' (roughly 'Property Prince'), is significantly scaling back his business and real estate holdings. His investment company, Cyrte Investments, has sold its stake in the online retailer Wehkamp, marking another major divestment for the royal entrepreneur.
This latest move comes after a series of high-profile sales. Earlier this year, Cyrte Investments divested its interest in The Student Hotel, a rapidly growing chain of student accommodations. Prior to that, the prince had already sold a substantial real estate portfolio, signaling a strategic shift away from his previous investment focus.
Wehkamp is sold. We are happy with the result.
The prince, a descendant of the Dutch royal family, has built a considerable business empire over the years, often investing in real estate and technology startups. His nickname, 'Pandjesprins,' highlights his extensive property investments, which have been a cornerstone of his wealth. The recent sales suggest a deliberate strategy to consolidate or redirect his considerable assets, though the specific reasons for this divestment have not been publicly detailed by the prince or his representatives.
Wehkamp is sold. We are happy with the result.
Originally published by De Volkskrant in Dutch. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.