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“We have been advising Equity Estate for over 15 years and have greatly enjoyed the relationship and seamless collaboration with the Equity Estate team.
Jean-François Vandenberghe, Lawyer (partner), Baker & McKenzie, Brussels
News
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.
In 2022, Equity Estate renewed seven leases in the Quarter Offices portfolio for in total some 7,000 sqm. In Quarter Plaza tenants Maandag, EPEX Spot, The Next Ad and Mare extended their leases and in Quarter Podium tenants Allshare and Corins did the same. Finally, in Quarter Avenue ORTEC extended its lease and also increased the number of leased spaces with an additional 220 sqm.
Arzan Wealth acquired the Quarter Offices Portfolio in 2019. This portfolio comprises three office buildings all situated in Amsterdam Teleport-Sloterdijk. Since acquisition Arzan has further improved the quality and the ESG level of the buildings.
Long-term extensions have been agreed with tenants Qbuzz, an international public transport operator, and Vereniging Geestelijke Gezondheidszorg Nederland GGN in Eempolis in Amersfoort for in total 2,500 sqm of office space.
Furthermore, an extension for 200 sqm of office space has been agreed with Stevens Van Dijck.
Further upgrading of office complex Eempolis in Amersfoort has resulted in renewal of the BREEAM in use certificate, ‘Very Good’ 55.18%.
Equity Estate aims to continuously improve its portfolio under management and has the ambition to certify more properties in portfolio with a BREEAM label.
Starting 1 November 2022, a long-term lease has been closed with political p rty Christenunie for 450 sqm of office space and some parking spaces in Eempolis in Amersfoort.
Eempolis, is situated in the city centre of Amersfoort, on top of Amersfoort Central Station (Amersfoort CS). The property is a multi-tenant office complex of five inter-connected buildings comprising approx. 31,853 sqm of lettable floor area and was built in 2002/2003. Besides offices the building also accommodates a restaurant and an Albert Heijn supermarket, and there is bicycle storage and a parking garage. Arzan Wealth acquired Eempolis in 2021 and since then has further improved the quality of the office complex.
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.
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, 1st, 2nd and 3rd 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
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.
Soon after the acquisition of the Dutch Partners portfolio Equity Estate has optimized three assets dramatically.
The Apeldoorn asset, which at acquisition was leased on a short-term basis to Expo, was leased on a five-year term to Norah. Norah is a retail chain focusing on trendy lady fashion.
In Maastricht, the retail unit on the Muntstraat was leased to Art of Chocolate, and in The Hague Marshal Denim leased the Vlamingstraat asset.
All leases closed on 5-year terms.
Starting 1 February 2022 a long-term lease has been closed with Alektum Group for some 750 sqm of office space on the 6th floor in Quarter Plaza and also 12 parking spaces in the parking garage under the building.
Alektum is a company active in credit management/financial services and landlord is a group company of Arzan Wealth.
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