CK Capital Partners and Monarch Alternative Capital acquite office building in The Hague
Den Haag Fonds GmbH & Co Zweite Kommanditgesellschaft für geschlossene Immobilienfonds in den Niederlanden agreed on the sale of the office building at Johan de Wittlaan 32 in The Hague (the “Property”) to affiliates of CK Capital Partners B.V. (“CK Capital”) and Monarch Alternative Capital LP (“Monarch”).
The Property comprises a total of approximately 16,734 sq m of office space and provides 110 parking places in the underground parking garage and an additional 15 on-site.
The Property was constructed in 1998 (built-to-suit) and was designed by the American architect Kallmann, McKinnell and Wood.
The Property is located in the World Forum Convention area of The Hague. Several international organisations are located in its direct vicinity, as well as a number of Embassies and residences of Ambassadors.
Linda Koster, CEO and Founding Partner of CK Capital, commented: “We are excited to have completed our first commercial property acquisition in the Netherlands. Together with Monarch, our partner in the transaction, we have acquired a landmark property in a prominent location in The Hague together with an exemplary tenant. We look forward to making future investments in commercial properties across the Netherlands.”
During the sale process NL real estate, Allen & Overy and CVO acted on behalf of Den Haag Fonds GmbH & Co Zweite Kommanditgesellschaft für geschlossene Immobilienfonds in den Niederlanden. CBRE and HMK Notarissen acted on behalf of CK Capital.