Clarion Partners Europe has acquired a 10,404sqm office building in Nootdorp, near The Hague, on behalf of one of its funds.
The recently developed property is fully let on a 20-year triple-net lease to Fugro, a global provider of geo-data and geoscience services, and will serve as its new office headquarters and research and development facility.
Clarion said the building is “highly sustainable” and will be net energy positive, with features including thermal energy storage connections, heat pumps and PV installations on the façade and roof. It also has a specialist rainwater collection and storage system designed by Fugro, which incorporates infiltration in deep soil layers and allows reuse of the water.
Max Rooney, director at Clarion Partners Europe, said: “This is a best-in-class asset with excellent sustainability credentials leased to a strong covenant, in a market where office vacancy levels are at a 10-year low. We continue to see corporates exploring sale-leasebacks, which is presenting a compelling opportunity for investors seeking stable, inflation-resilient income in today’s fragmented macroeconomic environment.”
Thorben Schaefer, managing director at Clarion Partners Europe, added: “Having been one of the first movers in the European sale-leaseback sector, we have the team, as well as available firepower, to execute on our significant near-term acquisition pipeline.”
Clarion Partners Europe was advised by Savills, Loyens & Loeff, and Arcadis. Fugro was advised by JLL and CMS.
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