Haagse Poort sold to Valad Europe
Valad Europe, the leading diversified real estate investment manager, has acquired the 68,500 sq m Haagse Poort office building in The Hague, Netherlands, on behalf of its Valad Netherlands Diversified Partnership (VNDP). This is the largest single office transaction in the Netherlands to date this year.
Haagse Poort comprises 68,500 sq m of high quality office space divided between 18 high rise floors and seven low rise floors, as well as 1,000 parking spaces. It underwent an extensive refurbishment in 2013-14. Haagse Poort is built over the A12, the main motorway into The Hague, and consequently is easily accessible by car and via the public transport network. It is currently almost fully let, with the major tenants comprising Nationale-Nederlanden and CB&I.
BNP Paribas RE / Nadorp Investment Services, advised Valad Europe on the purchase. CBRE acted on behalf of the vendor.
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.