Peakside Capital Advisors AG (Peakside) has started renovation works at a 6,800m² office property in Hoofddorp, south of Amsterdam. The so-called Garden House will be transformed as part of Peakside’s transition-to-green strategy to attain modern, ESG-compliant spaces with state-of-the art technology and sustainability credentials.
The six-storey office property at Siriusdreef 2 was built in 1991. As part of the renovations, the building’s energy system will be fully modernized with MEP-installations enabling CO2-neutral operations. This includes a state-of-the-art air-water-heat-pump (including a cooling) system to ensure energy-efficient operations. The communal areas and the lobby will also be redesigned, and green spaces as well as outside meeting rooms will be created in front of the building. Completion is planned for summer 2024.
The property is part of the Omega portfolio of which Peakside and Partner Group had bought the largest part in 2020. At the time of acquisition, it comprised 30 office and logistics assets in large cities in Germany as well as in France and the Netherlands.
Frank Schafer, Partner at Peakside, said: “We decided to initiate a refurbishment programme for the Hoofddorp asset in the framework of our transition-to-green strategy which we are applying across regions. The sustainable optimization of existing properties is one of Peakside's core disciplines, which we have been successfully implementing for years not only for the benefit of our tenants but also for our investors. In 2024, we will therefore launch a new fund that focuses specifically on transition-to-green opportunities in the German market and makes our strategy accessible to institutional investors.”
The property is being redeveloped in partnership with Spring Real Estate and local developer MAAQ. Spring Real Estate has been mandated with leasing the asset.
Image provided by Feldhoff & Cie. PC: MAAQ
