Homburg acquires assets near Amsterdam (NL/CA)

Homburg Invest Inc. has completed the acquisition of three connected office buildings in The Netherlands. The transaction was completed at an aggregate cost of €39 million including closing costs and was completed by way of mortgage financing of approximately €30 and cash of approximately €9 million.

The property, located at Keesomlaan 6-10 in Amstelveen, near Amsterdam, is situated on 10,694 m² of land in the Kronenburg Business Park. The total leaseable area is 12,376 m².

Located in a park-like setting, the three connected office buildings were constructed in the late 1990's. Phase I is six stories and Phase II and III are five and four stories respectively. The basement garage provides parking for 197 automobiles.

Built to high standards, the buildings have been well maintained with no deferred maintenance. The buildings are under lease to two tenants. Deloitte, Chartered Accountants lease 8,899 m² to 2010 and LTP Holding B.V. lease 3,377 m² to 2016.

Source: Homburg

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