Medpace Netherlands B.V. signs long-term lease for Eurogate III building in Rotterdam Alexander

Medpace Netherlands B.V. and Rubens Capital Partners (acting on behalf of an institutional investor) have agreed the lease of approximately 730 sq. m. in the Eurogate III building in Rotterdam Alexander.

Medpace is a medium-sized company that carries out clinical contract research. It is based in Cincinnati, Ohio and has been publicly listed since 2016. The company provides services for the phase I-IV development of drugs and medical devices, including regulatory services and central laboratory services. The new lease means that Medpace will be leaving Rivium, which, like its current location, will be converted into a new residential area in the next few years.

With this move, Medpace is opting for a building with good facilities including a hospitality concept, provided by Sodexo. Steff Verschueren, the Medpace manager responsible for coordinating this project, commented: ‘For our new office, we were looking for an attractive environment with good accessibility by car and public transport. It was important for us to find a professional landlord that we can count on to guarantee a good-quality service and good communication with our local team. The building has recently been fully renovated. The presence of a company restaurant provides added value for both our employees and our visitors.’

Eurogate III was completely renovated in 2020, including the addition of a hostess service, a luxury coffee corner including Grab&Go and a Food Plaza of approximately 300 sq. m. with freshly prepared food and drinks on the ground floor. The renovation project has also improved the building’s energy-efficiency. There are also 20 electric charging points at the site.

Victor Groot, Asset Manager at Rubens Capital Partners, had this to say: ‘We are very pleased to welcome Medpace to the building. It is a strong international company that has clearly opted for a high-quality building with good facilities in an easily accessible location.’

Medpace was advised in this transaction by CBRE’s team in Rotterdam. De Mik Bedrijfshuisvesting advised the landlord on this transaction. Rubens Capital Partners is the asset manager for the Dutch portfolio of the institutional investor.