90 North Real Estate Partners said this week that it has advised on the acquisition of the newly constructed global headquarters of Heerema Marine Contractors (HMC) in Leiden, The Netherlands, for 鈧�70 mln.
The vendor is Standard Life Investments.
The property is fully let to HMC on a 20 year lease. Designed to a BREEAM Excellent environmental standard, the brand new office building provides 20,616 m2 of space and 589 car park spaces.
The transaction is 90 North鈥檚 sixth in Europe since it commenced acquisitions in 2012.
'The Netherlands is an attractive with a strategic location in Europe. This is the second transaction we have completed in the country within the last 12 months. With a strengthening economy outperforming European neighbours, we expect the Netherlands to continue to provide attractive opportunities,' said Cherine Aboulzelof, partner and head of Continental Europe at 90 North.
Nick Judd, founder and head of Investment at 90 North commented: 'The transaction is further evidence of Europe鈥檚 attractiveness to international investors looking for a secure return and strong capital growth.'
90 North鈥檚 partner, Dubai based advisory firm Arzan Wealth acted as the strategic advisor on the structuring and acquisition of the property.
Simmons & Simmons acted as legal counsel to the purchaser and Arcadis as Technical Advisor. AC Niellsen advised the purchaser and DTZ the Vendor. Financing was provided by ING Real Estate Finance.
