Capreon acquires Haagsche Zwaan building
Capreon has purchased the Haagsche Zwaan office building from Union Investment. The modern building, centrally located in The Hague’s Beatrixkwartier office district, has approx. 18,500 sq. m. of office space. Since completion in 2010, the property has been held by the Uniimmo Europa open-end property fund. It was nearly fully let at the time of sale.
According to experts with property advisor CBRE, this transaction underscores the prime opportunities on the property market in The Hague. Matthias Euler, Senior Director at CBRE, remarks: “After a period of relative calm in the market in The Hague, we are seeing increasing interest in investments, driven by more vigorous demand, greater reluctance among public-sector tenants to relinquish space and a historically large yield spread between The Hague and Amsterdam.”
Haagsche Zwaan is a 20-storey office building located near The Hague’s central railway station. It is also convenient to the A12 motorway. The modern Beatrixkwartier office district features a mix of offices and retail premises, cafés, restaurants and hotels. The building’s largest tenants are Deloitte (approx. 6,000 sq. m.) and engineering firm Royal HaskoningDHV (approx. 3,000 sq. m.).
CBRE advised Union Investment in this transaction. Nauta Dutilh provided legal counsel. Capreon relied on the advice of NL Real Estate | Knight Frank and CMS.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.