Dutch property company ASR Real Estate has inked a deal with property developer Edge to acquire its latest high tech office development in Eindhoven.
Financial details were not disclosed.
The new development encompasses both a state-of-the-art office building, which will be owned by the ASR Dutch mobility office fund, and 175 rental apartments to be held by the ASR Dutch core residential fund.
Edge Eindhoven is centrally located, within walking distance of central station, forming part of the development known as Internationale Knoop XL. The project’s residential component comprises 175 apartments with a strong mid-priced rental focus, in addition to 52 parking spaces and communal bicycle parking for residents.
Robert Alberts, director of transactions at Edge said: 'Early in the development process we worked closely with ASR Real Estate to make this transaction happen. We are delighted to deliver an innovative living and working environment that reflects both the vision of ASR Real Estate and the future of Eindhoven.'
The office section will be of a multi-tenant building with 25,000 m2 of offices, 378 m2 of commercial space, 200 parking spaces and parking for 360 bicycles. The development also has space reserved for a gym, a café/restaurant and a roof terrace, all available to be used by tenants and visitors alike.
Pieter Vandeginste, fund director at ASR Dutch mobility office fund said: 'We see great potential in the station area development and in Eindhoven as a city.
'Our fund’s strategy focuses on offices that are not only located near rail hubs, but that also meet the requirements of a new generation of employees. As an innovative high-tech office, Edge Eindhoven is a perfect match for our strategic vision.'
The developer is working towards BREAAM Excellent and Well Core & Shell Gold certification. An app will be available to participants who wish to reserve specific spaces in the building. An up-to-date mobility plan is also being developed.
Roberto Meijer of MVSA Architects designed the scheme, on which construction should start at the end of 2021, with completion scheduled for Q3 2023.
