DIFA, the Hamburg-based fund manager, has purchased the Haagsche Zwaan skyscraper development in The Hague from OVG projectontwikkeling. While the financial details were not disclosed, PropertyEU understands that the transaction value is 'more than EUR 70 mln'.
DIFA, the Hamburg-based fund manager, has purchased the Haagsche Zwaan skyscraper development in The Hague from OVG projectontwikkeling. While the financial details were not disclosed, PropertyEU understands that the transaction value is 'more than EUR 70 mln'.
When delivered in March 2009, the property will be 74 metres high with 18,000 m2 gross lettable area over 20 floors. The main tenant will be Deloitte.
Rotterdam-based OVG is involved in residential retail, office developments throughout the Netherlands, but the Haagsche Zwaan tower is its first major project in The Hague. The building was named the Zwaan (swan) because of its distinctive 'wing' which extents outwards for about 12 metres above the highway to Utrecht.
Savills advised DIFA on the German fund manager's second purchase in the Netherlands. DIFA strategy is to a high-quality office portfolio in prime locations in the four largest cities in the Netherlands (Amsterdam, The Hague, Utrecht and Rotterdam).
