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.

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

7-3, 2019

HighBrook Investors has closed a long term lease agreement with GGD Hart voor Brabant for approx. 1,300 sqm office space in ’t Brabanthuis’, at Pettelaarpark 10 in ‘s-Hertogenbosch.

‘t Brabanthuis has been fully renovated into a modern office space. This building has an energy label A and has a total lettable floor area of approximately 3,500 sqm. There is approximately 874 sqm still available to lease. The building is located at the office park ‘Pettelaarpark’ in ‘s-Hertogenbosch, has good connections to public transport and is adjacent to the highway A2.

HighBrook Investors and Equity Estate were advised by Cushman & Wakefield (in a joined letting assignment with HRS Bedrijfsmakelaars). GGD was advised by HEVO and Tholen Real Estate. Equity Estate performs the asset management for this building.

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

26-2, 2019

On behalf of Blue Horizon Investors, Equity Estate has signed a lease agreement with Witteveen+Bos for 1,517 sqm LFA on the 3rd floor for the office building BLAAK16 in Rotterdam. With this lease transaction, Equity Estate leased out the remaining vacancy in the BLAAK16 office building.

The building has been completely redeveloped into a state of the art, sustainable office building (BREEAM Excellent and WELL Gold). The renovation of the office building was completed in 2017. The multi-tenant office building measures approx. 14,375 sqm over 11 stories. On the top floor there is a terrace with a splendid view over the Rotterdam Skyline. The parking garage offers over 150 parking spaces.

In this transaction, Blue Horizon Investors and Equity Estate was advised by BRiQ Real Estate (in a joining letting assignment with CBRE). Witteveen+Bos was advised by Schoeman Consultants.

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

1-2, 2019

Bruegel Property Company Ltd, an investment vehicle arranged by 90North Real Estate Partners LLP and Arzan Wealth (DIFC) Ltd from the Middle East, has appointed Equity Estate as the asset manager for the office building Stadhouderslaan 900 in Zoeterwoude. The building is fully let to Siemens Nederland NV. Arzan Wealth and 90North acquired the Stadhouderslaan 900 back in June 2015. The building was completed in 2014 and has an energy label A.

The office building measures approx. 9,366 sqm and offers 252 parking spaces in the underlying parking garage.

HighBrook Investors acquires Stadhouderskade 85 in Amsterdam

17-1, 2019

In an off-market transaction, HighBrook Investors acquired the Stadhouderskade 85 in Amsterdam from a private investor.

The multi-tenant office building is located on a prominent location in the city centre of Amsterdam. The lettable floor area is approximately 5,000 sqm divided over 8-storeys.

HighBrook Investors will undertake a significant building renovation in the coming months, to upgrade the building to a state of the art, high quality and sustainable office building.

DRS Makelaars, Loyens & Loeff and Savills advised HighBrook Investors on this transaction. Equity Estate will perform the asset management.

Equity Estate divested Bankijkerweg in Rijnsburg

3-1, 2019

Just before year end 2018 Equity Estate sold the warehouse in Rijnsburg, Bankijkerweg to Heemskerk Group. The building was in the Propco portfolio as of 2016, which portfolio now consists of 5 industrial/logistic buildings spread over the Netherlands. The intention is to grow the Propco portfolio further in 2019, with industrial and logistic buildings with long-term leases on strong locations.

Heemskerk Fresh & Easy, a company in handling and treatment of fruit and vegetables, is the neighbour and was in need of extra warehouse space. Heemskerk will make the warehouse suitable for food handling and will use the building for their own business.

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

19-12, 2018

Blaak 333 is a 17-storey office building with over 15,000 sqm LFA, on a parcel of 1,800 sqm, located in the CBD, close to the Rotterdam retail district and the major public transport hubs. The building has development or conversion potential.

HighBrook and Equity Estate bought the building approximately one year ago. Since then various conversations with the municipality took place and plans were made for a conversion.

Buyer Egeria Real Estate Development is specialist in complex inner city developments and conversions. Conversion of office buildings to residential is something Egeria has a great track record on. Egeria keeps a keen eye on public interest, in cooperation with the municipality, and creates strong living areas.

In this divestment process, HighBrook Investors and Equity Estate were advised by BNP Paribas Real Estate.

Equity Estate acquires logistic building in Apeldoorn

19-12, 2018

Equity Estate has further expanded the Propco portfolio by acquiring a logistic building with offices, located at IJsseldijk 29 in Apeldoorn.

Part of the building is currently under construction, the existing part is built in 2008. The total size amounts to approx. 17,500 sqm of warehouse and approx. 750 sqm of offices. Aan de Stegge Twello has started the construction and completion is expected in May 2019. The entire building is let to SILS, a logistics provider, based on a long-term lease.

The property is located on business park “Ecofactorij”, directly adjacent to the A1 and A50 motorways. Other companies located on Ecofactorij are for example Royal Reesink, GVT, Sandd, Wasco and VDL.

After the acquisition of five industrial/logistic buildings, in Dordrecht, Rijnsburg, Beuningen, Moordrecht and Amsterdam, this is the sixth industrial/logistics acquisition in 24 months’ time. The intention is to grow the Propco portfolio further in 2019, with industrial and logistics buildings with long-term leases on strong locations.

JLL advised seller in the deal. Equity Estate was represented by Shamrock Vastgoed BV.