Hannover Leasing has purchased the Vancouver office property in Rotterdam for around EUR 34 mln. The vendor is Scottish Widows Investment Partnership (SWIP)'s European Balanced Property Fund.
Hannover Leasing has purchased the Vancouver office property in Rotterdam for around EUR 34 mln. The vendor is Scottish Widows Investment Partnership (SWIP)'s European Balanced Property Fund.
Completed in 2010, the scheme was developed by Dutch builder OVG and delivered to SWIP. It provides around 10,300 m2 of office accommodation and 97 underground parking spaces. The asset is leased with a 14.5-year term to transport group Rotterdamse Elektrische Tram, a fully-owned unit of the Municipality of Rotterdam.
Jones Lang LaSalle and Houthoff Buruma advised SWIP. Loyens & Loeff and CVO acted for Hannover Leasing.
