Property Source: PropertyNL.com
From now on, every edition of Hello Zuidas will feature the latest property news, concerning Zuidas as well as other areas. Send us your property news to redactie@propertyNL.com
Zuidas based ABN Amro and NIBC to finance deal High Tech Campus Eindhoven.
Zuidas: make way for cars ZUIDAS - In the years to come, the expected increase of car traffic and need for parking space will be taken into account during the developments in Zuidas. Such is the expectation among market parties, now that one of the greatest owners in the area, CBRE Global Investors and the Municipality of Amsterdam, have come to an agreement over monitoring and guaranteeing accessibility by car.
ZUIDAS - At the takeover of High Tech Campus Eindhoven by Marcel Boekhoorn (among others), aside from NIBC and JP Morgan, both ABN Amro and Wells Fargo were involved as financing parties. This was reported by law firm Clifford Chance. In this transaction, they acted as advisors for the Dutch financing parties. Clifford Chance declined to comment on the exact risk distribution of the loans involved, or their amount.
Buy the Empire State Building? Green light for expansion of Atrium Zuidas ZUIDAS – Avestus Capital Partners, the Irish owner of Atrium Amsterdam, has seen real possibilities for expanding their Zuidas building in the near future, with a maximum space up to 25,000 square metres. On the market rumours abound, that the old plans to expand the Atrium may be revived, now that the ZuidasDOK is said to continue. The demolition of the car park along the A10, partly owned by Avestus, means that the eagerly expected expansion of the Atrium (consisting at this moment of over 34,000 square metres) may actually be realised at the side of the Parnassusweg.
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NEW YORK - Investors will soon be able to own a piece of one of New York’s greatest views, as the owners of the Empire State Building filed today to list it on the New York Stock Exchange. Manhattan’s most famous landmark, which reigned as the world’s tallest building for over four decades, is among those New York properties included in a new real estate investment trust that is being floated to investors. The Malkin family who owns the tower, filed documents with the Securities and Exchange Commission saying they hoped to raise as much as $US1 billion in an initial public offering for the company, Empire State Realty Trust. BofA, Merrill Lynch and Goldman Sachs were named as the underwriters of the offering. But surely, the name alone will guarantee the sale of this building to be hugely successful.
Deka buys office building The Rock on Zuidas ZUIDAS – 24 story building The Rock on the Amsterdam Zuidas has been sold to Deka Immobilien GmbH, who acted in this transaction on behalf of the WestInvest Interselect property fund. Selling party is Evans Randall. According to the land registry office, the transaction amounts to €131,87 mln. In 2007, Evans Randall bought it for the amount of €165 mln. from Mahler4; a consortium consisting of property developers ASR Vastgoed Ontwikkeling, ING Real Estate Development and G&S Vastgoed. In 2009 The Rock was completed. The Rock is situated at the heart of the Amsterdam Zuidas, right next to NS station Amsterdam Zuid. It is a stone’s throw away from the city centre of Amsterdam and Schiphol Airport. Since its completion, the building has housed the main office of law firm De Brauw Blackstone Westbroek (24,500 square metres) and telecom provider VimpelCom (4,800 square metres). Within a few months, a new lunchroom concept by B&B (300 square metres) is expected to open its doors here. The Rock was designed by the well known Dutch architect Erick van Egeraat and consists of circa 29,600 square metres of premium quality office, archive and commercial space, equally divided over 24 stories. WestInvestInterSelect is a pan-European open property fund with a total portfolio of over a 100 buildings and a total volume of over € 5 billion. About 10 % of its portfolio has been invested in the Netherlands, and comprises, amongst others: the Adam Smith Building (Amsterdam), Mövenpick (Amsterdam) and the Muzentoren (The Hague). Jones Lang La Salle, CBRE and Loyens & Loeff acted as advisors for Evans Randall. Deka Immobilien GmbH was advised during the purchase by Baker McKenzie.
Photo: The Rock, Zuidas • Photography: William Maanders
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