Cromwell sells three Dutch office assets

Cromwell sells three Dutch office assets

Cromwell Property Group has completed the disposal of three buildings totalling 12,807m² from the Hummingbird portfolio it manages on behalf of Goldman Sachs. The purchase price was not disclosed.


Bordewijklaan 18 is a 7,634m² office building including 86 parking places situated in the Mariahoeve district near the Centre of The Hague. The ten-storey property is easily accessible via various transport routes including bus, train and tram. The property is let to Total E&P Nederland B.V. /Total Funding Nederland B.V. 


Siriusdreef 1-15 and Siriusdreef 17-27 are located in Beukenhorst Oost business park in Hoofddorp, a town south-west of Amsterdam and close to Schipol Airport. Since taking over the management of the buildings, Cromwell has increased occupancy from 17% to 87% in Siriusdreef 1-15 and fully let Siriusdreef 17-27. Tenants include Regus, Stiching Onderwijs Advies and Zorg van de Zaak.


Wouter Zwetsloot, Head of Benelux at Cromwell Property Group, commented: “These buildings are prime examples of Cromwell strength to take assets and improve income and capital value by implementing structured asset management programmes, tailored to the local occupier markets. At Bordewijklaan, Cromwell worked closely with the incumbent occupier Total E&P Nederland B.V. /Total Funding Nederland B.V. to make several improvements prior to them extending their lease.”

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