AEW announces the acquisition of the HeadQuarter building in The Hague, the Netherlands. The transaction was acquired on behalf of AEW Europe Value Investors II (“EVI II” or the “Fund”) and is the Fund’s third investment in the Netherlands, following the acquisition of the Boompjes and Vasteland assets in Rotterdam earlier in the year.
The eleven-storey building was constructed in 2002 and comprises 16,000 sqm of leasable space and 216 parking spaces and is 97% let to 6 tenants with two thirds of the income linked to the government and municipality. The asset benefits from an inner garden, a restaurant, terraces on the higher floors and is certified as BREEAM Very Good.
HeadQuarter is located on Wilhelmina van Pruisenweg on the fringe of the CBD and within the newly created Central Innovation District (CID). The property benefits from excellent local and international transport links, situated just beside the “Laan van NOI” train station and with easy access to the A12, A4 and A13 motorways with direct links to Schiphol airport. The Hague is the 3rd largest city in the Netherlands and is home to a variety of political and legal bodies including the International Courts of Justice and the Dutch parliament.
Source : Company