A fund managed by insurer Standard Life has acquired the NOW Building development in Hoofdorp near Amsterdam for €21.4 mln.
The multi-tenant building is located in Park 20|20 and will comprise around 5,800 m2 of office space spread over five levels when it is delivered later this year. The property will have 129 parking spaces.
Park 20|20 is being jointly developed according to the Cradle to Cradle philosophy by Delta Development Group, Volker Wessels and Reggeborgh Groep.
DTZ Zadelhoff (now part of Cushman & Wakefield) and Van Gool Elburg have been hired to lease the building.
