New Partnership: Equity Estate x Healthy Workers

9-3, 2023

New Partnership: Equity Estate x Healthy Workers

Get ready for a Healthy Workers and Equity Estate cooperation. A great match, if we may say so ourselves. Equity Estate fits seamlessly with Healthy Workers’ vision by investing in solid properties with a long-term perspective. Our common goal: adding real value to the real estate market by becoming Paris-proof as soon as possible. How? By providing a full range of direct asset management and making all assets sustainable and healthy – aka forward thinking. Equity Estate takes responsibility for our shared drive for net zero real estate. By joining forces, we can double our impact.

We are glad to have Healthy Workers on board. By combining our strengths, we prepare our portfolio in the best way possible for zero emissions in 2050. With that in mind, there still is a lot of work to do in sustaining properties. Healthy Workers’ data-driven way of working helps our buildings – and users – to perform as well as possible at all times. Plus: we always know where we stand and how to improve. – Nard Schuddebeurs, chief operations officer Equity Estate

Equity Estate has been in the business for over twenty-five years, (co-)investing in real estate all over The Netherlands – primarily for foreign investors. If you team up with Equity Estate, you can be assured they are closing deals with the highest level of attention, ownership, integrity, and transparency. Quality over quantity: they’d rather be the best than the biggest.

This partnership is unshakeable. We’re very excited to team up with Equity Estate so that we can make their entire portfolio future-proof. We make a great match because Equity Estate’s sustainability ambitions enable us to get the most out of their buildings. We started by mapping their portfolio on a usage level, including initial savings analyses. Based on those results, we’re currently implementing our other modules, optimizing building performances by using all available data in combination with our innovative technology — day after day. – Guus Meulendijks, co-founder Healthy Workers

With their smart building systems, Healthy Workers is already on the move to optimize Equity Estate’s portfolio. Including high-end buildings, such as Blaak 16 in Rotterdam, which achieved a BREEAM Excellent and WELL GOLD certification. No surprise and well deserved, looking at their sustainable development. As a team, we hope to realize many more future-proof buildings together.

Want to get to know us better? Contact us at: guus@healthyworkers.com or lansink@equityestate.nl

Equity Estate refinances Hill Top 4

16-1, 2023

Hill Top 4 is a joint venture between Equity Estate and Arzan Wealth, which invests in three office buildings in Amsterdam Sloterdijk, with an area of  in total 26,000 sqm. The joint venture was set up in 2018 with an initial period of 5 years.

Due to the strong results in the structure, the partners have decided to extend the term of the joint venture and attract new financing.

Deutsche Bank has provided a senior facility that offers room for repayment of the existing facility and further greening the buildings.

CROSSOVER signs lease with Pinsent Masons

28-9, 2022

CROSSOVER signs lease with Pinsent Masons Netherlands LLP for office space at Crossover building, South Axis Amsterdam

Amsterdam, 28 September 2022 - CROSSOVER (a joint venture between area developer AM and Equity Estate) announces the signing of a long-term lease in the CROSSOVER building. This high-quality and multifunctional building is under construction and located on the South Axis in Amsterdam, the most important Central Business District of the Netherlands. International law firm Pinsent Masons Netherlands LLP has signed an agreement for 1,556 sqm of office space and ten parking spaces. Among other things, the strategic location, high-quality office spaces and the exclusive roof terrace attracted Pinsent Masons Netherlands LLP to this building.

CROSSOVER, located on the corner of exit A10 Zuid and the Europaboulevard, near Hotel Nhow Amsterdam RAI and next to Terrace Tower, gives a new impulse to the eastern part of the South Axis. This 'Kop Zuidas' sub-area will develop further in the coming years into a lively and sustainable district. Construction started in February 2021 and Crossover is expected to be completed in spring 2023.

CROSSOVER has already received a so called BREAAM-NL design certificate ‘outstanding’, a bold sustainable achievement for a mixed-use building, and a WELL Core certification. The building is energy neutral.

Pinsent Masons is a multinational law firm specialising in technology, science and industry, financial services, energy, infrastructure and real estate. Operating across 26 offices it is one of the leading global law firms.

CROSSOVER is a 50-50% joint venture between area developer AM and Equity Estate launched in March 2021 for the development of a mixed-use building with 130 apartments and approx. 11,000 sqm of offices and a bar/restaurant.

DRS Makelaars acted as advisor on behalf of the joint venture. JLL advised Pinsent Masons in this transaction.

CROSSOVER signs lease of approx. 5,000 sq. m. to STX Commodities B.V.

13-9, 2022

CROSSOVER signs lease of approx. 5,000 sq. m. to STX Commodities B.V.

Amsterdam, September 12 2022 – STX Commodities has signed a long-term lease for approx. 5,000 sq.m. lettable floor area of office space in the high quality and sustainable office building CROSSOVER, a  landmark building situated on the South Axis in Amsterdam.

STX COMMODITIES B.V

Per July 2023 STX has leased 5,000 sqm of office space on the ground floor, 1^st, 2^nd and 3^rd floor and 36 parking spaces in the Crossover building for a period of 10,5 years.

STX is a leading global Environmental Commodity Trader, and a Climate Solutions provider for corporations. It has offices in Gothenburg (Sweden), Hamburg (Germany), Lyon (France), New York City (USA) and Singapore and is headquartered in Amsterdam (Netherlands) where it was founded in 2005.

STX has been and is at the forefront of global change away from pollution and from depletion of natural resources. STX has been pricing the cost of emissions and pollution for over fifteen years and has helped build trust in carbon-reduction and green energy trading. With its trading and Corporate Climate Solutions offering, STX ensures directly and indirectly that money goes to hundreds and thousands of projects that make the world a greener place, while providing corporations with the certified proof points of their contributions to environmental progress.The global STX team of 350+ people is growing fast, consisting of more than 50 nationalities, in 6 countries. The annual trading volume is close to EUR 1bln.

LETTING

The total rental area of the building is approx.11,000 sqm. Only 3,800 sqm is still available for letting of which 650 sqm is located on the top floor with a great view over Amsterdam. Another 1,500 sqm is let to an international law firm.

CROSSOVER is a 50-50% joint venture between area developer AM (part of Royal BAM Group) and Equity Estate launched in March 2021 for the development of a mixed-use building with 130 apartments and approx. 11,000 sqm of offices and a restaurant. The building is located in South Axis Amsterdam, which is the prime CBD of the Netherlands. The construction started in February 2021 and completion is scheduled for June 2023. The building will benefit from a BREEAM outstanding label and a WELL V2 Core Silver certification. This certification standard focuses specifically on the health and well-being of the users of the building. Crossover proves that it is possible to combine great architecture with the highest ambition in the area of sustainability, well-being, energy and efficiency.

JLL is the leasing agent on behalf of CROSSOVER in co-exclusive cooperation with DRS. NL real estate | Knight Frank  represented STX Commodities.

Equity Estate sells office EY in Zwolle

9-8, 2022

Equity Estate sells office EY in Zwolle

Equity Estate has sold a single-tenant office building at Zwartewaterallee 56 in Zwolle to Veldboom. The office building, located along the A28 motorway, and with a lettable floor area of 5,520 sqm and 154 parking spaces, is fully let to Ernst & Young.

Queristics Investment Group, a joint venture of Equity Estate and a Middle-Eastern investor, acquired the newly built property in 2010. Queristics invested in Germany and Benelux, focussing on logistics and office real estate. In 2018, Equity Estate bought out its joint venture partner and refinanced the pan-European portfolio with Partners Group, a Swiss asset manager. With the sale of the office building in Zwolle, the last building in the Queristics portfolio has been sold.

"With the sale of Zwartewaterallee, we have more than achieved our objective and can focus on new opportunities in the market.", says Nard Schuddebeurs, COO of Equity Estate.

Equity Estate was advised by NL real estate | Knight Frank and the seller by KroeseTempert Bedrijfsmakelaars from Zwolle.

Equity Estate launches Dutch Partners CV

16-3, 2022

Equity Estate and one of its international partners have launched Dutch Partners CV, an investment vehicle targeting on high street retail assets. The strong focus is at A1/A2 locations in the top‐20 inner city retail areas in the Netherlands. A healthy mix of retail, leisure, hotel and catering and daily shopping, and a strong catchment area are the basis for acquisition decisions. It is the ambition to build up a well‐balanced retail portfolio worth approx. EUR 100 million.
The first transaction has recently been finalised comprising 15 retail assets in prime cities such as Maastricht, Deventer, Den Haag, Utrecht, Enschede, Amersfoort and Apeldoorn. The portfolio has various tenants amongst which are Kruidvat, Costes, H&M, Heineken and Inbev.
Equity Estate is responsible for the acquisition and management of the portfolio.

Equity Estate acquires Eempolis office building from ASR Dutch Mobility Office Fund

3-8, 2021

Equity Estate has acquired the Eempolis office building, of almost 32,000 sqm and 350 parking spaces and located at Station Amersfoort Centraal. The state-of-the-art building has been awarded with a 'BREEAM-very good' rating and an energy label A. The building is let to 20 different tenants, including Arcadis, Dutch Railways (NS) and the Central Government Real Estate Agency (RVB).

In the short and medium term, a number of large-scale developments will take place in the direct vicinity. For example, the development of the new town hall in the Trapezium Triangle and the mixed-use development 'Wagenwerkplaats'.

This purchase is in line with Equity Estate's strategy to acquire office buildings at major public transportation hubs in the Netherlands. The strategy also focuses on a high quality for the internal and external environment of the offices. Eempolis excels both through its accessibility as well as through a high level of sustainability.

In 2016, a.s.r. took over the office portfolio of Basisfonds Stationslocaties CV. From this portfolio, nine offices, including the Eempolis office building in Amersfoort, were transferred to the newly launched ASR Dutch Mobility Office Fund. Due to the fund's tightened strategy, which focuses on the office market in the G5 (Amsterdam, Rotterdam, The Hague, Utrecht and Eindhoven) of the Netherlands, it has been decided to sell the Eempolis office building. The freed up capital is used for reinvestment.

CBRE supervised the sale for a.s.r. real estate.

Equity Estate and AM join forces in Crossover South Axis Amsterdam

17-6, 2021

Equity Estate and area developer AM have become JV-partners in ‘Crossover’, a mixed-use building under construction. AM is a daughter company of the Royal BAM Group, listed at the Amsterdam Stock Exchange.

Crossover is situated at the corner of exit A10 Zuid and the Europaboulevard, near Hotel nhow Amsterdam RAI and next to Terrace Tower. It provides a new impulse to the eastern part of the South Axis, which means that the Kop Zuidas sub-area will continue to develop into a vibrant and sustainable district in the coming years. The construction started in February 2021 and delivery of Crossover is expected in spring 2023.

Crossover comprises some 12,000 sqm office space, 120 starter units for housing association De Key, 10 owner-occupied houses, some 350 sqm for a restaurant and 500 sqm for social functions. Under the building a parking garage with 80 parking spaces will be realised of which six are for ‘shared mobility’ for future tenants.

Crossover has already received a so called BREAAM-NL design certificate ‘outstanding’, a bold sustainable achievement for a mixed-use building, and a WELL Core certification. The building is, among other things, energy neutral.

Media Park Enterprise sells RTL buildings at Media Park, Hilversum

25-2, 2021

Hill Top 3 Limited, a joint venture between Equity Estate and Arzan Wealth (DIFC), has purchased the RTL office at Media Park in Hilversum from Media Park Enterprise.

The office buildings have a total lettable floor area of approximately 17,300 sqm and 161 parking spaces in the underground parking garage. Located at Barend en van Dorpweg 2 the buildings are part of the Media Park. All buildings are awarded with an energy label A and have been leased on a long-term basis to RTL Nederland.

The Media Park is the epicentre of the Dutch media industry and is one of the largest media clusters in Europe. The strong position is ascribed to its unique concentration of leading media companies, its central location in the Netherlands, and its high-quality infrastructure and facilities.

CBRE and Allen & Overy advised Media Park Enterprise in this transaction. Hill Top 3 was advised by Lexence. Equity Estate will perform the asset management.

Verdion European Logistics Fund 1 acquires strategic Kassel logistics park

9-2, 2021

Equity Estate Group has sold a strategic logistics park on the outskirts of the German town of Kassel to Verdion European Logistics Fund 1 (VELF1) for EUR 28 million. The park is situated in the Lohfelden logistics hotspot just outside Kassel, strategically located on the  A7 highway in Central Germany – the country’s longest autobahn and an important north-south route.

The property was held by Equity Estate Group for almost 15 years, forming part of the Queristics portfolio which was raised in 2005. In 2018 Equity Estate recapitalised the portfolio. In 2019 a property in the Netherlands was sold, followed by the second divestment of a logistics building in Willebroek, Belgium in 2020. With the sale of the Lohfelden property the recapitalisation of 2018 will be fully repaid.

This transaction is the fifth and largest acquisition so far for Verdion European Logistics Fund 1 (VELF1) SCSp, which held its final close in September 2020 and is focussed on urban logistics assets in edge-of-town or infill locations that facilitate swift product delivery to major cities/towns, meeting the last-mile requirements. It is targeting value-add/core-plus investments in Germany, the Nordics, Benelux and other select markets across Europe.

The 58,307 sqm plot currently comprises 16,046 sqm of warehousing and 3,852 sqm office/ commercial spaces in three buildings. Two are leased for a commercial vehicle parts centre, agricultural dealership and central warehouse. The other tenant specializes in thermoplastic extrusion. The acquisition also includes additional land with potential for a new warehouse of around  6,000 sqm plus 500 sqm office space and a 1,228 sqm mezzanine creating a total lettable area of 7,920 sqm in line with current zoning plans.

Florian Stöbe, Verdion Head of Investment – Germany said: “This asset is exactly in line with our value-add/core+ strategy: a site with great potential in one of the country’s most important logistics hotspots, combined with long term commitments from existing tenants. The intention now is to commence speculative development to meet continuing demand for high quality space from ecommerce occupiers in particular– an approach the fund is adopting across other invested locations.”

CBRE and Baker McKenzie advised Equity Estate Group in this transaction. Verdion was advised by REC Partners and GSK Stockmann.