Equity Estate divests Willebroek - Belgium

6-11, 2020

Equity Estate Group, owner of the Queristics portfolio, divested the 34,000 sqm logistics asset in Willebroek after leasing the building to Eutraco in July 2020. The asset was part of the Queristics portfolio and has been sold to GLP, a leading investor and developer of logistics warehouses and distribution parks.

The asset is situated in one of Belgium’s premier markets in the heart of the Belgium’s ‘Golden Triangle’, strategically located between the A12/E19 motorways connecting the country’s two largest metropolitan areas,
Antwerp and Brussels. It is also in close proximity to the port of Antwerp, the second largest European port, and Brussels airport, one of Europe’s largest cargo airports.

Philippe Hendriks, GLP Belgium and Netherlands, said: "Following our recent acquisition in the Port of Ghent this facility solidifies our entry into the Belgian logistics market as we continue to grow our operations in the region to meet growing customer demand. The asset in Willebroek is an excellent facility that benefits from convenient access to commercial and transport hubs in Belgium and further afield, making it an ideal addition
to our Benelux offering.”

Enrico van Erkelens, CEO of Equity Estate Group, said: “Over the past few years we have seen an increasing interest in the Belgium logistics market followed by a swiftly decreasing yield gap with the surrounding countries. After recapitalisation of the Queristics portfolio in 2018, and leasing the asset in 2020, for us this was a good moment to divest this great building.”

Willebroek, Belgium fully leased to Eutraco

17-7, 2020

Equity Estate has signed a lease agreement with Eutraco for a logistics business complex located at the Victor Dumonlaan 14-18 in Willebroek, Belgium.

Eutraco is a European logistics provider founded in 1967, with almost 200,000 m² of logistics space. Eutraco has his own fleet of 400 vehicles, sea freight expertise and an in-house technology team.

The business complex has been part of the Queristics portfolio since 2006, which consists of real estate in Belgium, The Netherlands and Germany. The business complex comprises approximately 34,000 m² of warehouse and office space. It is located next to the inland terminal of Hutchison Ports or "TCT Terminal" in Willebroek. The central location, fast accessibility and low carbon footprint make this site attractive for both local and international logistics companies.

CBRE and Baker McKenzie advised Equity Estate in this transaction.

Equity Estate divests NWO-building in The Hague to Aberdeen Standard Investments

16-1, 2020

Aberdeen Standard Investments has acquired from Equity Estate an office building that is fully let to the Dutch Organisation for Scientific Research (NWO) on behalf of an institutional advisory mandate for a German pension fund.

The “Java” office building, located on the Laan van Nieuw Oost-Indië 300-334 in The Hague, has a surface of 13,635 square meters and has 176 parking spaces in the parking garage below. The complex was completed in 2000, has an energy label A and has been leased on a long-term basis to NWO..

Equity Estate acquired the building in 2017 from the Fortress Investment Group. This transaction followed shortly after the acquisition by Fortress of the LIV-portfolio, which was divested by DEKA Immobilien.

In this transaction Aberdeen Standard Investments was commercially advised by JLL, legally by Van Doorne and technically by Savills. Equity Estate was legally advised by Lexence.

Groothandelsgebouw divested by HighBrook Investors

20-12, 2019

On Thursday 19 December 2019 Jamestown has acquired the Groothandelsgebouw in Rotterdam CBD via a share deal. The real estate price amounts to EUR 289mn. HighBrook Investors and Equity Estate acquired the building in 2018 in an off market transaction, resulting in the delisting of Groothandelsgebouwen N.V.

As of acquisition in 2018 Equity Estate took over the local management team with 10 employees and managed the building until the sale to Jamestown. Following the sale, Jamestown will continue the management with the local management team to ensure a smoot transfer and benefit from the existing experience of the team. Jamestown will employ the team directly.

The Groothandelsgebouw was built in 1953, housing over 450 companies on over 122,000 sqm.

Equity Estate sourced the transaction in 2018, co-invested in the transaction alongside HighBrook Investors, managed the building and advised HighBrook during the divestment to Jamestown.

Equity Estate sells business complex in Oss to a fund managed by Tristan Capital Partners

5-11, 2019

Equity Estate has sold a business complex at the Merwedestraat 42-44A in Oss to a consortium of Tristan Capital Partners and ARC Real Estate Partners. The business complex, that has been part of the Queristics portfolio since 2006, comprises approximately 26,000 sqm of office and business space on a plot of approximately 42,000 sqm.

The complex, consisting of two buildings, has been leased on a long-term basis to Shiloh Industries, Euro Vast and Vos Logistics. The purchase price amounted to EUR 11,350,000.

HRS Bedrijfsmakelaars, Houthoff and ARC Real Estate Partners advised Tristan Capital Partners on this transaction. Equity Estate has been assisted by NL Real Estate and Lexence.

Equity Estate closed new leases in Quarter Plaza

1-11, 2019

Equity Estate has signed new lease agreements with Hanshow Netherlands BV and 24i Unit Media BV in office building Quarter Plaza at Transformatorweg 74-104 in Amsterdam Sloterdijk. Hanshow Netherlands BV has signed a new lease agreement for approximately 750 sqm of office space. 24i Unit Media BV, already leasing approximately 750 sqm of office space in the building, has extended their space with approximately 500 sqm of office space.

Quarter Plaza is part of a high-quality work, live & play concept Quarter Offices that has been rolled out within three office buildings in Sloterdijk in Amsterdam. All three buildings have been fully renovated to improve its quality and functionality and to create a 'work, meet & relax lifespace'. The service concept in Quarter Offices is available to all users regardless the office in which they reside. In Quarter Plaza, comprising a total of approximately 11,000 sq.m, approximately 2,000 sqm is currently available.

In the transaction with Hanshow, Equity Estate was advised by Colliers International and is letting agent of Quarter Plaza together with Van Gool Elburg.

Equity Estate extends lease agreement with Winkler Logistik GmbH in Kassel

17-10, 2019

Equity Estate has secured a five year lease extension with Winkler Logistik GmbH. Winkler leases approx.. 13,800 sqm warehouse space and approx. 2,800 sqm office and commercial space at the Otto-Hahn-Strasse 26-28 property in Lohfelden (Kassel), Germany.

Winkler is one of the leading wholesalers of commercial vehicle parts in Europe with 42 locations, a full range of 200,000 parts, and over 1,600 employees.

The property in Kassel is part of the Queristics Investment Porffolio which is founded by Equity Estate and constructed between 2006 and 2010 together with a Middle Eastern investor. In 2018 Equity Estate recapitalized the portfolio together with Partners Group, bought out the investor from the Middle East, and kept on asset managing the portfolio.

Equity Estate acquires logistics building in Apeldoorn

27-5, 2019

Equity Estate has also purchased the extension of the IJsselijk 29 logistic complex in Apeldoorn for the Propco portfolio. The whole building is in total approx. 18,410 sqm and is leased for the long-term by SILS.

In 2018, SILS already sold the existing building of approx. 9,114 sqm to Propco. Commissioned by SILS, Aan de Stegge Twello has extended the property by approx. 9,296 sqm and delivered it according to plan in May 2019. The logistics complex is part of the "Ecofactorij" business park and is located between the A1 and A50 motorways.

JLL advised the seller on this transaction. Equity Estate was advised on this transaction by Shamrock Vastgoed and Van Benthem & Keulen acted as legal adviser. Equity Estate is both asset manager and director of Propco BV.

Equity Estate and Arzan Wealth acquire Quarter Offices

15-4, 2019

Hill Top 4, a joint venture of Equity Estate and Arzan Wealth, has acquired from HighBrook Investors the so-called Quarter Offices in Amsterdam.

The Quarter Offices portfolio comprises three high quality office buildings – Quarter Plaza, Quarter Podium and Quarter Avenue – with a total lettable floor area of approximately 26,150 sqm and 431 parking spaces. Large tenants such as Aon, DPA, Maandag and Robert Half International are located in Quarter Offices.

HighBrook Investors, together with the asset management organisation Equity Estate, acquired the three buildings in the past two and a half years in three separate transactions. After completing major renovations in all three building, the buildings were re-introduced to the market as high quality office buildings with high services and facilities under the brand name Quarter Offices where facilities between buildings are being shared. Since acquisition more than 22,000 sqm LFA of office space has been leased out, meaning that the overall portfolio occupancy has gone up from under 10% to 86%.

In this transaction Highbrook Investors was commercial advised by Cushman & Wakefield and Van Gool Elburg Vastgoedspecialisten, with Loyens & Loeff as their legal advisor. Hill Top 4 was legally advised by Van Doorne.

Equity Estate acquires industrial building in Krimpen aan de Lek

12-4, 2019

Equity Estate has further expanded the Propco portfolio by acquiring an industrial building with offices in Krimpen aan de Lek. The building consists of approximately 10,000 sqm of office and industrial space, and with 80 parking spaces on site.

The building, built in 2007, has been purchased from Harvest Vastgoed and is let to De Regt Cables. De Regt Cables develops and manufactures high-quality cables for among others the offshore industry and defence. Harvest Vastgoed recently extended the lease for 10 years.

The building, located at Zaag 2-4, is situated on industrial estate "De Zaag".

JLL advised Harvest Vastgoed on this transaction. Van Benthem & Keulen acted as legal adviser. Equity Estate is both asset manager and director of Propco BV.