Real I.S. Investment has purchased the De Kroon mixed-use property in The Hague, Netherlands for €38 million advised by international real estate advisor Savills and Loyens & Loeff.
The development, which has been sold by joint developers MAB Development and Haag Wonen housing corporation, comprises 2,400 m² of retail space, 9,000 m² of offices and around 208 parking bays. It is located between The Hague’s Central Station and the city center.
The scheme is 100% let with office tenants including freight supply chain firm DAMCO and port management company APM Terminal who have both established their European headquarters in De Kroon.
The retail units, which are positioned on the main pedestrian route between the Central Station and city center, are occupied by Albert Heijn and Action.
Clive Pritchard, head of Savills in the Netherlands, says: “The award-winning De Kroon development is a quality scheme well positioned in the heart of The Hague. This sale is evidence of ongoing demand by investors and occupiers alike for class A office and retail space in this market.”