Total sqm

11,846

Tenant

Aegon

Occuppancy Rate

100%

Remaining Lease Term

9y

Net Initial yield at acquisition
7.43%
Total sqm
11,846
Ocuppancy Rate
100%
Tenant
Aegon
Remaining Lease Term
9y

Total sqm

11,846

Tenant

Aegon

Occuppancy Rate

100%

Remaining Lease Term

9y

Net Initial yield at acquisition
7.43%
Total sqm
11,846
Ocuppancy Rate
100%
Tenant
Aegon
Remaining Lease Term
9y

Description

The acquired office building was designed by renowned Dutch architect Abe Bonnema. It also underwent a complete renovation in 2016 bringing it up to code with the latest contemporary standards for modern office space. It consists of 11,846 LFA sqm of office and archive space and 73 parking spaces.

Location

The city of Leeuwarden is the capital of Friesland in the Northern part of the Netherlands and plays a central administrative role in this province. It is the second largest office city in the North and was designated as the European Capital of Culture in 2018. The property is in the city center of Leeuwarden on walking distance of the train station.

Tenant

Aegon N.V., a global life and health insurance company is the sole tenant. It was founded in 1983, it is listed on the Amsterdam Stock Exchange, employs 31,500 employees globally, and 4,300 employees in the Netherlands. The company is currently rated “A-“ by Standard & Poor’s.