Schroders Capital acquires 50,000 sqm Hoog Catharijne Office Complex in Utrecht City Center

Schroders Capital is pleased to announce the acquisition of an office complex located on top of the well-known Hoog Catharijne shopping mall directly adjacent to Utrecht Central train station. The 50,000 sqm of office space spread over 7 partly interconnected office buildings was acquired in partnership with a consortium of Dutch family offices and represents an important addition to the company's portfolio. The acquisition highlights the team’s conviction on the investment case of improving sustainability credentials of, and service offering in, assets in strong locations in the Dutch office market. The seller of the complex is Klepierre, a French REIT and Europe’s second-biggest publicly traded mall operator who will retain the ownership of the retail space.

"Its prime location in the city center, surrounded by a wide range of amenities and directly adjacent to one of the busiest train stations of the Netherlands makes it a property that meets the demands of a wide range of tenants. We have a strong belief in the long-term potential of well-located, multi-tenant offices offering an inspiring place to work for its occupiers and this acquisition is a vote of confidence in that potential. We look forward to working with our new tenants, Klepierre as our direct neighbour and the local community to further capture the potential of this vibrant business hub in the heart of Utrecht city center."

Debt financing for the acquisition was provided by Berlin Hyp and Helaba Landesbank Hessen-Thuringen who were advised by Dentons (legal). Klepierre was assisted by Cushman & Wakefield, De Brauw (legal) and CVO (technical). Schroders was advised by CBRE (both commercial and technical), DLA Piper (legal) and PWC (tax).