Total sqm

2,933

Tenant

AM Holding / BAM Group

Occuppancy Rate

100%

Remaining Lease Term

9.8y

Net Initial yield at acquisition
5.87%
Total sqm
2,933
Ocuppancy Rate
100%
Tenant
AM Holding / BAM Group
Remaining Lease Term
9.8y

Total sqm

2,933

Tenant

AM Holding / BAM Group

Occuppancy Rate

100%

Remaining Lease Term

9.8y

Net Initial yield at acquisition
5.87%
Total sqm
2,933
Ocuppancy Rate
100%
Tenant
AM Holding / BAM Group
Remaining Lease Term
9.8y

Description

The building is the first Dutch office asset holding both a WELL and a BREEAM certification, which represent the highest international standards for sustainable buildings. The property consists of 2’933 LFA sqm and 58 parking spaces.

Location

The asset is centrally located in an important business park of Utrecht and offers excellent connections to the rest of the country. Utrecht is the fourth largest city in the Netherlands and is part of the central Randstad area, which includes Amsterdam, Rotterdam, The Hague and Utrecht. The city has an excellent business climate and benefits from the most highly educated labour force in the country.

Tenant

The property is fully let to AM Holding, a company in the construction and development sectors and part of the BAM Group. The company is involved in major projects, such as the Amsterdam Arena football stadium, completed in 1996. In 2018, the BAM Group generated c. €7.2bn turnover with an EBITDA of €178m and employed more than 20k people worldwide; it is listed on the Amsterdam stock exchange.