Equity Estate is sharing our values and focusing on the main one for us: The client is top priority!

Pascal Juvan, Service Center Manager, DHL Express Luxembourg S.A.

Four new lease agreements in ‘Scheepvaarthuis’ Groningen

9-10, 2017

HighBrook Investors, a New York based real estate private equity firm, has secured four new leases for its multi-tenant office Scheepvaarthuis at Laan Corpus den Hoorn 200 in Groningen realising an occupancy rate of over 90 percent. New tenants in this modern and high quality multi-tenant office are Hofsteenge Zeeman Groep, Datanext, MediaCT and iWink.

HighBrook Investors acquired the Scheepvaarthuis in December 2016 as part of the acquisition of the Hanzevast office portfolio. At the time of the acquisition, in which Equity Estate acted as advisor to HighBrook Investors, the Scheepvaarthuis was fully vacant.

Hofsteenge Zeeman Groep B.V., accountants in the public sector, has agreed on a long term lease of the third floor (640 m2). Datanext, an innovative company in Marketing Automation and Big Data solutions, signed a contract for the lease of office space located on the half of the ground floor (285 m2). MediaCT BV, a leading e-commerce development company for webshops, signed a long term lease contract for the first floor (640 m2) as well as a part of the ground floor (121 m2). iWink, a developer of technology channels for marketing & communication professionals such as websites, intranets, digital newsletters and narrowcasting screens, leases out the second floor of the building (640 m2) as well as a part of the ground floor (121 m2) in the building. In this way, MediaCT and iWink share half of the ground floor of Scheepvaarthuis offering both tenants combined spaces for lunch, meetings, events and recreation.

International real estate advisor Cushman & Wakefield advised HighBrook Investors in all leasing transactions except the lease with Hofsteenge Zeeman Group. MediaCT was advised by Thijssen Vos Bedrijfsmakelaars in Groningen. Hanzevast, the seller of the property in December 2016, assisted in the negotiation of the leases with Hofsteenge Zeeman Groep, iWink and MediaCT.

In 2017 the Scheepvaarthuis at Laan Corpus den Hoorn is fully renovated and transformed into a modern multi-tenant location providing high quality large office floors combined with ‘living room-like’ work areas and meeting rooms. The office comprises approximately 2,675 m2 divided over 4 office floors and a basement. Having finished the asset management plan and realising an occupancy rate above 90 percent from full vacant when acquired, HighBrook Investors has now instructed the sale of the building. Equity Estate acts as advisor to HighBrook Investors in the sale, international real estate advisor Cushman & Wakefield is mandated for the marketing and sales of the property.

Bert van den Hoek joins the Supervisory Board of Equity Estate

9-10, 2017

The shareholders of Equity Estate, specialist in Asset Management and Management Services in real estate, have appointed Bert van den Hoek as a member of the Supervisory Board as of 1 September 2017. The Supervisory Board now consists of Jürgen Lange, former banker with a reputable German bank, Jan Kees Brandse (chairman), Partner at Greenberg Traurig, and Bert van den Hoek.

Van den Hoek (49), is currently a Senior Vice President at Partners Group in London and brings extensive experience in both the international real estate and financial markets to the Supervisory Board. Prior to Partners Group he was a Director at Deutsche Bank Asset Management and, before that, worked at GIC and Morgan Stanley. Mr Van den Hoek studied at the Technical University in Delft and obtained his MBA at the RSM Erasmus University followed by his Master of Real Estate at the University of Amsterdam.

Real Estate Management: from letter-box company to ‘substance of form’

29-9, 2017

Corporate Service Providers poured into fog, which was confirmed by the impact of the Panama Papers. In response to the global outrage that followed, a stricter regulation was soon demanded. Has something changed in the meantime? And does this have consequences for the property industry? Rob de Groot, earlier this year appointed as Director Management Services at Equity Estate, has been very active in the past years as statutory director of Dutch entities for international organisations in the banking, telecommunication and real estate sector. In this article, De Groot indicates the meaning of changing laws in corporate services activities for the real estate sector.

 

The Netherlands as leader

The Netherlands plays a very prominent role in the world of international (tax) structures. Extensive research shows that The Netherlands is leader as a so-called ‘Conduit-OFC’, a country through which a lot of funds flow. This happens by using Dutch entities (private companies, limited companies, cooperatives, etc.), that are in a legal structure between the ultimate owner and the companies where the activities are actually taking place. As these companies are located in several countries, and because often also more entities are part of the structure, the picture of a cluttered web arises.

Taxability is one of the reasons to build such a web. An organisation can furnish the cost item ‘taxes’ in such a way that savings can be made. The Netherlands is also a much-chosen country because of the good infrastructure, well educated people speaking their languages, the easy accessibility and the many tax treaties.

 

Real Estate Management and Corporate Services

Also, foreign investors and investments funds buying and managing (Dutch) real estate move with these structures. Dutch companies, directly or indirectly hold real estate in The Netherlands. The Dutch corporate services office manages the company, is usually statutory director, arranges the financial administration, and takes care of the legal and administrative status (corporate housekeeping) of the company. The real estate is managed by an Asset Manager and a local Property Manager. The Property Manager carries out the administration of the real estate and provides the administration to the corporate services office enabling the corporate services office to prepare the final reports and the statutory annual accounts.

 

The Panama Papers

Certainly, after the start of the crisis in 2008, there has been much going on about the structures that are served by corporate services offices, in The Netherlands in particular the tax routes. For the general public, the Panama Papers formed the journalistic breakthrough. This resulted in a unique event in Dutch politics, the first parliamentary interrogation in which various parties, like representatives from the Dutch Corporate Services sector, fiscal advisors, the supervisor of the Dutch Central Bank and journalists were interviewed under oath as witnesses and experts.

 

Serious consequences, nationally and internationally

During this parliamentary interrogation the concept ‘substance of form’ was discussed more than once. Companies that are based in a certain country for tax reasons, should have ‘substance’ in that country. If not, their presence in that country is not recognised. To avoid the appearance of the structure only being a structure providing a financial advantage, the Tax Authorities and the Ministry of Finance prepared a list of 10 requirements that a company has to fulfil in order to be seen as a Dutch company and in order to be able to use the treaties network. A substantial effort in the home country is the basis. Thus, it was a requirement that amongst others half of the management has to be living in The Netherlands, the bookkeeping has to be performed in The Netherlands and de bank accounts are to be managed from The Netherlands.

Internationally, the OECD (Organisation for Economic Cooperation and Development) started the BEPS project (Base Erosion and Profit Shifting), an action plan that has to result in globally coordinated agreements to prevent tax evasion by base erosion and profit shifting. The action plan consists of 15 points of action. Although the BEPS action plan is still in an early state of implementation, it is already clear that it will be a global regime, with increased tax risks for organisations that do not commit themselves to these points. Also in these points ‘substance’ plays an important role.

Propco acquires logistics building in Amsterdam from DHG

19-7, 2017

Equity Estate has further expanded the Propco portfolio by acquiring a logistics building from DHG, located at the Galwin 2 in Amsterdam.

The building, that originates from 2003, has been designed by Timmer architecten and is fully and long-term let to IGT Europe BV. It consists of approximately 8,772 m² of warehouse space, 2,857 m² of office space, some 3,000 m² paved outdoor area with 98 parking spaces. Furthermore, the property is located directly adjacent to the A5 motorway.

After the acquisition of three industrial/logistic buildings, in Dordrecht, Rijnsburg and Beuningen, this is the fourth acquisition for Propco in the past 12 months. The acquisition has been made full equity, and the intention is to continue expanding the portfolio in the coming months, with industrial and logistics buildings with long-term leases on strong locations.

Shamrock Vastgoed advised DHG in the deal. Propco was represented by JLL, and Van Benthem & Keulen acted as a legal advisor. Equity Estate is the asset manager and director of Propco.

AB Alternative Fund acquires "De President" in Hoofddorp

3-7, 2017

Nova Capital has sold the "De President" property in Hoofddorp to AB Alternative Fund SICAV-SIF. Equity Estate is an investor in and the asset manager of the AB Alternative Fund SICAV-SIF. The semi open ended fund consists of 7 buildings in Germany, Luxembourg and The Netherlands.

"De President" property is located at the Jacobus Spijkerdreef 20-24 in Hoofddorp and consist of office, storage and logistic space. The total floor area comprises approximately 9,514 sq.m. with 145 parking spaces. The building is fully let to Scotch & Soda. The acquisition price amounted approximately EUR 8.75 million.

Equity Estate acted as asset manager for the purchaser, performed the complete due diligence and directed the negotiations on LOI and SPA. The due diligence partners on buyer’s side were Holland van Gijzen, SGS Search and Hofstede cs. Seller was advised by Cushman & Wakefield and Retail Capital and represented by CMS as a legal advisor.

HighBrook Investors divests office building in The Hague

12-6, 2017

HighBrook Investors divests an office building on the Laan van Nieuw Oost-Indië 123-127 in The Hague to a Dutch private investor. The total floor area comprises approximately 12,936 sq. m. LFA office space, of which 25% is rented to different tenants. HighBrook Investors acquired the office building in December 2016 as part of an off-market portfolio transaction.

Equity Estate advised HighBrook Investors on this transaction together with the legal advisor Van Doorne . CBRE was responsible for the marketing of the building and represented vendor. Pels Rijcken & Droogleever Fortuijn advised the buyer.

With this divestment, it is the sixth transaction of HighBrook Investors in the past six months. HighBrook Investors is a US-based real estate private equity firm with approximately € 1.0 billion in AUM. The firm has offices in New York, London, Newport Beach and Atlanta. The company is actively seeking additional opportunities to acquire well located office assets primarily in greater Amsterdam area, Rotterdam and Utrecht. (www.highbrookinvestors.com).

Equity Estate Corporate Services appointed by Merkspace to start Dutch activities

29-5, 2017

The successful co-working & private office concept from Tel Aviv Merkspace will be opening a brand new building in the heart of Amsterdam at the Herengracht 499 on July 1st of 2017. Equity Estate Corporate Services is acting as corporate service provider for Merkspace in setting up their activities in the Netherlands.

With the first global Sports-tech Innovation-centre and a big Asian incubator department, Merkspace focuses on start-ups that want to accelerate and that want to profit from their international network and these opportunities. In the last year Merkspace raised 3.7 million dollars for their start-ups, and made more than 9,000 business connections for the 150 companies they now supply. The close lines with the start-up scene in Tel Aviv will give access to the top of the line speakers, tech innovators, experts and not so less important venture capitalists.

One of the most exciting things is that Merkspace actively looks for business opportunities for their tenants, within their own (international) network. Every month there will be a new unique delegation visiting the office for mentoring, lectures and the investors breakfast. That being said, service-providers, freelancers and small-medium businesses that want to benefit from the opportunities Merkspace offers, are more than welcome. Working spaces already starts at € 250 a month.

Equity Estate Corporate Services is focussing on management services (directorship, domiciliation and administration) to real estate companies and operators. With our in-depth knowledge of the real estate industry and market we add substantial value to your company.

 

HighBrook Investors and Equity Estate Acquire office building ‘Spectrum’ in Amsterdam

8-5, 2017

In an off-market transaction, Credit Suisse Real Estate Fund International has sold the office building ‘Spectrum’ to the combination consisting of HighBrook Investors and Equity Estate.

Spectrum is located at a prominent location in the Sloterdijk/Teleport area in Amsterdam, located at the at the Gatwickstraat 9-39, visible from the motorway A-10.

The total floor area comprises approximately 7,685 sq.m. LFA office space, spread over 9 floors with 109 parking spaces located in the parking garage and at the outside area. The building is fully rented to DPA.

HighBrook Investors and Equity Estate were advised by Van Gool ♦ Elburg Vastgoedspecialisten during this transaction and legally represented by Loyens & Loeff.

In this transaction Credit Suisse REFI was legally represented by Clifford Chance.

Propco expands portfolio with DIY-store in Beuningen

10-4, 2017

For the expansion of the Propco portfolio, Equity Estate has acquired a DIY-store located at the Claudiuslaan 62, in Beuningen. CBRE Global Investors divested the property, after recently having extended the lease agreement. The building comprises nearly 5,500 m² and offers ample parking facilities on site.

Van Neerbos Bouwmarkten recently signed a substantial extension of their lease agreement to ensure a long-lasting continuation of one of their Gamma franchises at this specific location. Van Neerbos Bouwmarkten is the largest franchise holder of Intergamma, owning/operating more than 150 stores in The Netherlands and Belgium, and is part of the stock listed CRH conglomerate, one of the worldwide market leaders in the field of building materials.

After the acquisition of two industrial/logistic buildings in Dordrecht and Rijnsburg in 2016, this is the third acquisition for Propco. The intention is to further expand the portfolio to a size of around EUR 50 million, with long-term leases on strong locations. Van Benthem & Keulen acted as the legal advisor on behalf of Equity Estate, whilst BVVL winkel vastgoed adviseurs acted as the commercial advisor of the seller during the entire process.

 

HighBrook Investors acquires office building ‘Parktoren’ in Amstelveen

5-4, 2017

TRIUVA Kapitalverwaltungsgesellschaft mbH has sold the ‘Parktoren’ to the combination consisting of HighBrook Investors and Equity Estate.

The office building ‘Parktoren’ is located at a privileged location in Amstelveen, nearby the city of Amstelveen at the Van Heuven Goedhartlaan 7-13 in Amstelveen.

The total floor area comprises approximately 10,000 sq. m. office space, spread over 10 floors with 45 parking spaces located in the parking garage underneath the building. The building is rented to several lessee’s, amongst others the Rabobank, Greif Beheer and Aurora Hotel Development.

In this transaction TRIUVA was advised by Van Gool ♦ Elburg Vastgoedspecialisten, legally CMS Derks Star Busmann was involved and tax advice was given by PwC.

HighBrook Investors was advised by Equity Estate, Loyens & Loeff and SGS Search during this transaction.

 

News

Vacature Asset Manager bij Equity Estate

10-9, 2021

Read more

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

3-8, 2021

Read more

Equity Estate and AM join forces in Crossover South Axis Amsterdam

17-6, 2021

Read more

Media Park Enterprise sells RTL buildings at Media Park, Hilversum

25-2, 2021

Read more

Verdion European Logistics Fund 1 acquires strategic Kassel logistics park

9-2, 2021

Read more

News archive

Vacature Asset Manager bij Equity Estate

10-9, 2021

Read more

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

3-8, 2021

Read more

Equity Estate and AM join forces in Crossover South Axis Amsterdam

17-6, 2021

Read more

Media Park Enterprise sells RTL buildings at Media Park, Hilversum

25-2, 2021

Read more

Verdion European Logistics Fund 1 acquires strategic Kassel logistics park

9-2, 2021

Read more

Equity Estate divests Willebroek - Belgium

6-11, 2020

Read more

Willebroek, Belgium fully leased to Eutraco

17-7, 2020

Read more

Vacature Asset Manager bij Equity Estate

15-7, 2020

Read more

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

16-1, 2020

Read more

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

5-11, 2019

Read more

Equity Estate closed new leases in Quarter Plaza

1-11, 2019

Read more

Equity Estate extends lease agreement with Winkler Logistik GmbH in Kassel

17-10, 2019

Read more

Groothandelsgebouw divested by HighBrook Investors

20-12, 2019

Read more

Equity Estate acquires logistics building in Apeldoorn

27-5, 2019

Read more

Equity Estate and Arzan Wealth acquire Quarter Offices

15-4, 2019

Read more

Equity Estate acquires industrial building in Krimpen aan de Lek

12-4, 2019

Read more

GGD leases 1,300 sqm office space in ‘s-Hertogenbosch

7-3, 2019

Read more

Equity Estate and Witteveen+Bos signed a lease for BLAAK16 – Rotterdam

26-2, 2019

Read more

Bruegel appoints Equity Estate as asset manager for the Stadhouderslaan 900 in Zoeterwoude

1-2, 2019

Read more

HighBrook Investors acquires Stadhouderskade 85 in Amsterdam

17-1, 2019

Read more

Equity Estate divested Bankijkerweg in Rijnsburg

3-1, 2019

Read more

Equity Estate acquires logistic building in Apeldoorn

19-12, 2018

Read more

HighBrook Investors and Equity Estate divested Blaak 333 to Egeria Real Estate development

19-12, 2018

Read more

HighBrook quickly fills up ‘QUARTER OFFICES’ portfolio in Amsterdam

27-11, 2018

Read more

Blaak16 in Rotterdam first building in The Netherlands with a WELL Gold Certificate

23-11, 2018

Read more

Equity Estate sells Lipariweg 6 in Amsterdam to Gramercy

6-11, 2018

Read more

HighBrook divests Parktoren in Amstelveen

1-11, 2018

Read more

‘Met deze metamorfose blazen we nieuw leven in historisch Pand Noord’

12-10, 2018

Read more

Equity Estate has divested a 16,500 sqm logistics building in Schiphol-Rijk

5-10, 2018

Read more

Regus signs lease in Le Mirage in Utrecht

4-10, 2018

Read more

Blaak 16 in Rotterdam obtains BREEAM Excellent certification

4-10, 2018

Read more

Equity Estate successfully divests 6 German properties to M7 Real Estate

3-9, 2018

Read more

Equity Estate appoints Birgitta Padberg as Managing Director Groot Handelsgebouw

12-8, 2018

Read more

SIGI signs lease for 3,000 sqm office space in Luxembourg

12-7, 2018

Read more

Santander Consumer Finance Benelux signs lease in Le Mirage in Utrecht

10-7, 2018

Read more

Equity Estate signs 10-year lease with Jugendhilfezentrum Johannesstift (Germany)

10-7, 2018

Read more

Joris Bal joins Equity Estate

27-6, 2018

Read more

Maandag® Interim Professionals chooses Quarter Plaza

8-6, 2018

Read more

HighBrook Investors opens ‘Quarter Offices’ in Amsterdam

31-5, 2018

Read more

Highbrook Investors acquires Le Mirage in Utrecht

11-4, 2018

Read more

BLUE HORIZON INVESTORS acquires BLAAK16 in Rotterdam

26-3, 2018

Read more

Five new lease agreements signed in ‘Quarter Plaza’

21-2, 2018

Read more

Partners Group and Equity Estate recapitalize the Queristics Investment portfolio

22-1, 2018

Read more

Three new lease agreements in Quarter Podium Amsterdam Sloterdijk

18-1, 2018

Read more

HighBrook Investors divests three office buildings

15-1, 2018

Read more

HighBrook sells office building in Groningen to a private investor

12-1, 2018

Read more

Equity Estate acquires warehouse building in Moordrecht

18-12, 2017

Read more

HighBrook Investors extends lease agreement Mercurius Offices Almere

7-11, 2017

Read more

Hill Top 3 acquires NWO building in The Hague

1-11, 2017

Read more

HighBrook Investors acquires Blaak 333 in Rotterdam

11-10, 2017

Read more

Bert van den Hoek joins the Supervisory Board of Equity Estate

9-10, 2017

Read more

Four new lease agreements in ‘Scheepvaarthuis’ Groningen

9-10, 2017

Read more

Real Estate Management: from letter-box company to ‘substance of form’

29-9, 2017

Read more

Propco acquires logistics building in Amsterdam from DHG

19-7, 2017

Read more

AB Alternative Fund acquires "De President" in Hoofddorp

3-7, 2017

Read more

HighBrook Investors divests office building in The Hague

12-6, 2017

Read more

Equity Estate Corporate Services appointed by Merkspace to start Dutch activities

29-5, 2017

Read more

HighBrook Investors and Equity Estate Acquire office building ‘Spectrum’ in Amsterdam

8-5, 2017

Read more

Propco expands portfolio with DIY-store in Beuningen

10-4, 2017

Read more

HighBrook Investors acquires office building ‘Parktoren’ in Amstelveen

5-4, 2017

Read more

Equity Estate divests warehouse building in Enschede, the Netherlands

17-3, 2017

Read more

Equity Estate appoints Rob de Groot as Director Management Services

6-3, 2017

Read more

Equity Estate and Kyocera prolong lease in Zaventem (Belgium)

2-3, 2017

Read more

Equity Estate and Otto Harrassowitz prolong lease of 7,500 m² in Wiesbaden (Germany)

19-12, 2016

Read more

Equity Estate advises HighBrook on the acquisition of 10 Dutch office properties from Hanzevast

19-12, 2016

Read more

Equity Estate advises Highbrook Investors on the acquisition of “De West” in Amsterdam and Laan van Vredenoord in Rijswijk from Internos

16-12, 2016

Read more

Equity Estate acquires industrial building in Rijnsburg

8-12, 2016

Read more

Deutsche Bank refinances two logistic assets

15-8, 2016

Read more

Equity Estate acquires industrial building of VAF Instruments

6-6, 2016

Read more

Equity Estate divests an office building in Gent, Belgium

12-4, 2016

Read more

Equity Estate succesfully divests six buildings in Belgium

11-4, 2016

Read more

MCAP Global Finance acquires headquarter USG People in Almere

6-4, 2016

Read more

Equity Estate launches new website

6-4, 2016

Read more

Equity Estate divests two office buildings in Belgium

2-3, 2016

Read more

Equity Estate renews lease with Winkler Logistik in Kassel, Germany

14-2, 2016

Read more

MCAP Global Finance acquires Zuidtoren in Hoofddorp

4-2, 2016

Read more

MCAP Global Finance acquires two buildings in Delft and Den Haag

4-2, 2016

Read more

Equity Estate leases over 25,000 m² in Oss, The Netherlands

31-1, 2016

Read more

Equity Estate divests two logistic buildings in Belgium

23-12, 2015

Read more

Two new leases in Wiesbaden, Germany

1-1, 2015

Read more