Tristan Capital Partners’ opportunistic fund EPISO 6 has acquired the Siemens Netherlands HQ at Prinses Beatrixlaan in The Hague.
Tristan purchased the asset from Corporate Office Fund VII, a partnership between Rinkelberg Capital and Eikenbosch Holding, through local partner Timeless Investments.
The 29,065 m2 asset is made up of two inter-connected buildings, each with their own entrance and divisible floorplates.
It is located within the Central Business District and within walking distance from the intercity train station Laan van NOI.
The high-quality ESG accredited asset benefits from an energy label A with the buildings being either LEED Gold or LEED Platinum certified, with plans to further enhance the ESG performance.
Kick Van der Wel, executive director at Tristan Capital Partners, said: ‘The acquisition of the Siemens’ headquarters presented an opportunity to capitalise on the strong office market in the area. The lack of available Grade A stock coupled with a constrained development pipeline makes this an attractive proposition as occupiers continue a flight to quality. We are pleased to continue our successful relationship with Timeless Investments, who are an experienced and trusted partner.’
Tim van Veggel, managing partner at Timeless Investments, added: ‘The multifaceted business plan plays to our strength and capabilities as an active investor and quality developer.’
Tristan Capital Partners was advised by Greenberg Traurig, SGS Search and PWC, while the seller was advised by Cushman & Wakefield, Loyens & Loeff and SGS Search.
Tristan Capital Partners’ pan-European real estate funds manage over €15 bn in assets for institutional and private investors.
