Three real estate funds managed by La Française Real Estate Managers have acquired the Beatrixkwartier office building in the central business district of The Hague from an institutional investor for just over €40 mln.
The six-storey office building, which was completed in 2003 and recently refurbished by the tenant, offers 9,324 m2 of floor space and 55 indoor (basement) and 52 outdoor parking spaces. The high-quality office property is fully let to FMO, the Dutch development bank, which uses it as its headquarters.
’We are delighted to secure a fourth property in Randstad, the central economic engine of the Netherlands,’ said Jens Goettler, managing director of La Française Real Estate Managers - Germany. ‘This acquisition is perfectly in line with our investment strategy which associates financial and ESG (Environmental, social and governance) criteria. Located in a city renown for the abundance of its green spaces and rated among the top cities in the Netherlands to offer such a balanced work and life environment, we are confident in the long-term attractivity of the property. Furthermore, Beatrixkwartier is transforming into a mixed-use development with offices, childcare facilities, a health club, a conference center etc. and drawing in a variety of international organizations and large corporates.’
La Française Real Estate Managers was advised by DLA Piper Netherlands on legal aspects and by Savills Netherlands on technical due diligence and as buy-side advisor.
