OVG Real Estate has sold the MM25 office building located at Marten Meesweg 25 in Rotterdam, the Netherlands to a private family office from the Middle East. The renovated property comprises 15,000 m² office area and 546 parking spaces and is fully let. Current tenants include Coca-Cola, Croonwolter & Dros, Mobilis and Servicis. The purchase price has not been disclosed.
MM25 is the former headquarters of electricity company Eneco and has been redeveloped into a 'SMART building' by integrating various smart technologies, based on the EDGE Technologies platform. After the renovation, the energy label has improved from a G-label to an A-label. The new MM25 project was designed by Dam and Partners Architects. The property is the first building rewarded with an innovative Green Loan Facility provided by ABN AMRO bank to OVG Real Estate.
Boudewijn Ruitenburg, Executive Commercial Director at EDGE Technologies, says: "This sale confirms the need for new smart, high-quality office buildings in Rotterdam. Our vision to create healthier working and living environments is driving us to further promote the integration of smart technology with EDGE Technologies.''
Jordy Diepeveen, Head of Acquisitions at Savills, adds: "As indicated in our recent research report, there is a lot of interest in the Rotterdam office market. This acquisition is a good example of new capital finding its way to Rotterdam, following the recent sale of the global headquarters of Unilever to a special purpose entity advised by Aegila Capital Management Limited."
Savills and Houthoff advised the buyer. The seller was advised by Cushman & Wakefield, JLL and AKD.
