Commerz Real just stepped up its commitment in the Netherlands by acquiring an office property in The Hague for the open-ended real estate fund hausInvest europa. The gross lettable area comes to around 12,000 m². It was agreed not to disclose the investment volume.
"The property comes with a technical fit-out of very high quality, and occupies a prime spot in a dynamic business location," said Hans-Joachim Kühl, Member of the Management Board of Commerz Real and in charge of real estate acquisitions.
"This acquisition in The Hague contributes to the ongoing diversification of our Dutch portfolio."
The property is situated in the finest location in the well-established 'new center' sub-market of the Central Business District, the direct vicinity of the property being accentuated by government institutions and ministerial buildings. The location is characterised by superior access to public transportation, to the motorway network, and to several international airports. Moreover, the main railway station is located directly next to the building.
Source: Commerz Real