Equity Estate succesfully divests six buildings in Belgium

11-4, 2016

As part of the incorporation of the maturing joint venture AB CPFM Europroperty Fund Group, Equity Estate divested five office buildings and one industrial building to four different local investors. With these four transactions the restructuring of the AB CPFM Europroperty Fund Group was succesfully concluded.

In early 2015 Equity Estate divested an office building, of approx. 2,450 sqm, located on the Rue de la Science in Brussels. The building was sold to a local private investor, in a company transaction.

In Q3 2015 Equity Estate divested an industrial building, of approx. 5,200 sqm, in Hoge Wei in Zaventem, to Custodia Real Estate, in an asset transaction.

Also in Q3 2015 Equity Estate divested two office buildings, of approx. 5,500 sqm, in Rue Belliard in Brussels to Liegeois Group, in a company transaction.

Finally in Q1 2016 Equity Estate sold two office buildings, totalling approx. 6,250 sqm, in the Rue Royale in Brussels and Dreve Richelle in Waterloo were divested to Codabel, also in a company transaction.

On the four different transactions Equity Estate worked together with Baker McKenzie, JLL and Cushman Wakefield.

Equity Estate launches new website

6-4, 2016

In March 2016 Equity Estate launched a new website!

MCAP Global Finance acquires headquarter USG People in Almere

6-4, 2016

Equity Estate advised Bryant Park Netherlands Acquisition 1 B.V., a subsidiary of MCAP Global Finance (UK) LLP, in the acquisition of the P.J. Oudweg 61 in Almere. The building is fully let to USG People on a long term lease and amounts to approximately 12,000 m² and 125 parking spaces. The acquisition price amounted approx. EUR 27 million.

Equity Estate acted as investment manager for the purchaser, performed the complete due diligence and directed the negotiations on LOI and SPA. The due diligence partners were JLL, CVO International, Greenberg Traurig and Hofstede cs. Seller is the Italian fund Europa Immobiliare 1, managed by Vegagest SGR Spa and was advised by Savills Investment Management.

Equity Estate divests two office buildings in Belgium

2-3, 2016

Equity Estate divests two office buildings in Belgium; Brussels, Rue Royale and Waterloo, Dreve Richelle. Both buildings are let to different tenants such as Optima and ID Weaver, totalling over 6,250 m² LFA. Both buildings were part of the Europroperty Fund Group. Purchaser is Codabel, a local investment and asset management company. The deal was structured as a share deal. Just prior to the transaction the lease with Optima was prolonged and a new lease with Auriga Isdin was completed. Early 2015 a new lease was closed with ID Weaver. Cushman Wakefield and Baker McKenzie acted on behalf of Equity Estate.

Equity Estate renews lease with Winkler Logistik in Kassel, Germany

14-2, 2016

Winkler Logistik GmbH, one of the tenants in Kassel, Otto-Hahn-Strasse 26 en 28 renewed the running lease agreement for approximately 14,000 m² LFA of logistic space and approximately 3,000 m² LFA of offices and archives. With this lease renewal the industrial complex in Kassel is once again let for a considerable lease period. The building is owned by the joint venture Queristics Investment, which runs between Equity Estate and Kuwait Finance House since 2006.

MCAP Global Finance acquires two buildings in Delft and Den Haag

4-2, 2016

Equity Estate advised Bryant Park Netherlands Acquisition 1 B.V., a subsidiary of MCAP Global Finance (UK) LLP, in the acquisition of Delftechpark in Delft and Bordewijklaan in Den Haag. The buildings are let to 10 tenants, under which PKF Wallast in Delft and several health care companies in Den Haag and amounts to over 10,600m². The acquisition price amounted to approximately EUR 11.5 million.

Equity Estate acted as investment manager for the purchaser, performed the complete due diligence and directed the negotiations on LOI and SPA. The due diligence partners were CVO International, Greenberg Traurig and Hofstede cs. Seller OVG was advised by DTZ, NL Real Estate and AKD.

MCAP Global Finance acquires Zuidtoren in Hoofddorp

4-2, 2016

Equity Estate advised Bryant Park Netherlands Acquisition 1 B.V., a subsidiary of MCAP Global Finance (UK) LLP, in the acquisition of Zuidtoren in Hoofddorp. The building is let to 17 tenants, among them are The Walt Disney Company, SHV Energy, Western Digital and Seafox Operations, and amounts to approximately 17,000m² and 175 parking spaces. The acquisition price amounted to EUR 40.2 million.

Equity Estate acted as investment manager for the purchaser, performed the complete due diligence and directed the negotiations on LOI and SPA. The due diligence partners were CVO International, Greenberg Traurig and Hofstede cs. Seller Syntrus Achmea was advised by JLL and Houthoff Buruma.

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

31-1, 2016

Equity Estate leases two logistic buildings in Oss to Intergamma (approximately. 15,500 m² LFA) and to Brabant Alucast (approximately. 9,500 m² LFA). With these two new leases the building is completely occupied again.

The building is owned by the joint venture Queristics Investment, which runs between Equity Estate and Kuwait Finance House since 2006. Equity Estate was advised by JLL Eindhoven, HRS Bedrijfsmakelaars en DTZ.

Equity Estate divests two logistic buildings in Belgium

23-12, 2015

Equity Estate divests two logistic buildings in Belgium; Meer, Londonstraat 8 and Oevel, Nijverheidsstraat 8. Both buildings are let to Vos Logistics with long leases in place, totalling over 26,000 m² LFA. Improma, a Belgium private investor, acquired the buildings for their own portfolio. Both buildings were owned by the Equity Estate Europroperty Fund. JLL and Baker McKenzie acted on behalf of Equity Estate.

Two new leases in Wiesbaden, Germany

1-1, 2015

Equity Estate leases office space in Wiesbaden (Germany), Kreuzeberger Ring, totalling over 1,350m² LFA of office space to Drägerwerk AG & Co. KGaA and to Bildungswerk der Hessischen Wirtschaft e.V. With these two new leases only 800 m² of office space is still vacant. The buildings are part of the Europroperty Fund Group.