Monday, 29 September 2014
Valad Europe trades asset and lets 10,000 m² in Dutch Offices I & II portfolios (NL)
Valad Europe, the leading diversified real estate investment manager, has sold the three Reitseplein 15 office buildings in Tilburg city center to Corpac B.V, a neighbouring property owner. The sale comes soon after Valad Europe signed a lease renewal with UWV, the Dutch State benefits agency, on 7,580 m² of office space at the property.
Valad Europe has also completed a new letting on 2,515 m² of office space at Keesomstraat 28 – 32 in Ede to C.T.B Holding, a payroll company. The five store, 2,952 m² building is well located and has a direct connection to Rotterdam and Germany via the A12 motorway.
Both transactions were completed on behalf of the Dutch Offices I & II portfolios which Valad Europe was appointed to manage in 2013. Now comprising seven office buildings and totalling approximately 40,000 m², the portfolio of assets is located in the Randstad conurbation, Groningen and ‘s-Hertogenbosch in the Netherlands.
Richard den Hartigh, Valad Europe’s Head of Asset Management for the Benelux region, commented: "Our focus for the Dutch Offices I & II portfolios is to protect and grow income. We have accomplished this to date by establishing close relationships with existing tenants and repositioning vacant space and Keesomstraat is a great example of this, reducing the asset’s void from 87% to nil. We will also look to trade assets when the time and price is suitable as we have done with Reitseplein, following the successful lease renewal to UWV.”