DZ Hyp lends to Aviva Investors to fund acquisition of innovation centre in Netherlands
DZ Hyp has provided a loan to Aviva Investors, the global asset management business of Aviva plc (Aviva’), for the acquisition of an innovation centre within Utrecht Science Park, The Netherlands. Aviva Investors acquired the property in September 2018 for the Continental European Long Lease Strategy (CELLS) Fund.
The property comprises research and office premises and is fully rented to Nutricia Research B.V., wholly owned by Danone SA, the multinational food company. The Danone Innovation Centre is a high-quality, energy-efficient office building that was constructed in 2013, with a BREEAM Excellent rating.
The innovation centre is a combination of 10,598 sq m high quality office, 5,389 sq m laboratory and nearly 2,000 sq m of storage space. The Utrecht Science Park is one of the leading science and research hubs in Europe, and home to over 100 businesses. It is the largest science park in The Netherlands, located close to Utrecht and Schiphol airport in Amsterdam.
Matthias Huebner, Fund Manager, Aviva Investors said: “Due to the efficient process led by CBRE Debt & Structured Finance we negotiated the best terms and conditions for our investors. DZ Hyp proved to be a reliable finance partner acting diligently and swiftly.”
Mike van Wanrooy, Senior Manager, DZ Hyp said: "We are pleased to be able to enrich our financing portfolio in the Netherlands by financing this attractive property for Aviva Investors. We were very impressed with the very professional and pragmatic cooperation between all parties involved."
Aart Visser, Associate Director, CBRE Debt & Structured Finance said: “Aviva’s professional standing in combination with the high-quality property attracted a great deal of interest amongst national and international lenders. Healthy competition amongst the lenders led to a financing with an ideal combination of attractive pricing and pragmatically engineered loan documentation. DZ Hyp proved to be very keen to close the financing and showcased an efficient approach to the closing process which aligned perfectly with Aviva’s requirements.”
CBRE arranged the financing on behalf of Aviva Investors and assisted them during the entire financing process. Loan council for Aviva Investors was CMS Derks Star Busmann and DZ Hyp was supported by Houthoff.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers from more than 450 offices (excluding affiliates) worldwide. CBRE offers strategic advice and guidance in property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; development services; investment management; and research and consulting. Please visit our websites at www.cbre.nl and www.cbre.com.