Icon Real Estate purchases New Babylon in The Hague
Icon Real Estate has purchased office and retail complex New Babylon from New Babylon Den Haag B.V. Icon is the prime real estate portfolio of Victory Advisors with a focus on the Benelux.
The sold object exists of two office buildings: City Offices (15,428 sq m) and Center Offices (18,611 sq m). New Babylon also offers space to a shopping centre on the ground and first floor (11,429 sq m). The office space is among others rented to TNO and NLO. Mango, Vero Moda, Cool Cat, AKO, SPAR and De Tuinen are the main tenants in the shopping centre.
Victory Advisors was advised by Rutgers & Posch, Deloitte, Heren2 and CBRE. Babylon Den Haag B.V. was supported by Houthoff Buruma, Meijburg & Co and JLL.
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.