TH Real Estate’s European Cities Fund has acquired De Haagsche Zwaan complex in The Hague from Capreon for an undisclosed amount. The core office building represents the twelfth acquisition for the pan-European fund. Located in the heart of Beatrixkwartier, the most sought-after office location in The Hague, the 20-storey building totals c.18,500m², and is fully let to international companies including Deloitte, Kuwait Petroleum and Royal Haskoning DHV. The complex benefits from a parking facility for 237 vehicles. CMS and Deloitte acted on behalf of Capreon.
Liz Sworn, Fund Manager, European Cities Fund, TH Real Estate, commented: “With its excellent location and strong covenant, this property perfectly fits the strategy of the fund. Our bespoke cities research approach has highlighted The Hague as a city that is set to benefit from positive population growth, high quality of life and inward migration, giving it a favourable score for long-term investment.”
Raphael Noe, Partner and Head of European Property, Capreon, said: “This disposal delivers excellent value to our investors and is a testament to the strength of this landmark asset. The Dutch office sector is performing well, and we are continually looking for investor value in this market. We remain focused on delivering on our European strategy, making the most of the current dynamics and capital flows within the continental market.”
