Publications

- May 1, 2011: Vol. 5, Number 5

To read this full article you need to be subscribed to Institutional Real Estate Europe

Hannover Leasing Acquires Office Project in Rotterdam

by

Hannover Leasing has acquired Blaak8, a 13,500-square-metre office scheme in Rotterdam. The property serves as the new headquarters of Stedin, a Dutch energy service provider, which has let the building for a term of more than 10 years.

Hannover Leasing paid €52 million for the property, which was sold by the Dutch Kroonenberg Group. Hannover Leasing plans to contribute the property to a closed-end fund that it manages.

“As an economically attractive location, the Netherlands offers great investment potential,” says Hubert Spechtenhauser, managing director of Hannover Leasing. “This is complemented by a fiscal system that is favourable to German investors, making the Netherlands particularly interesting for closed-end funds.”

The 20-storey building also includes 166 parking spaces and is located across from Rotterdam’s Blaak railway station. The energy-efficient building meets the requirements for a class A+ green building label.

 

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy