Tristan's EPISO 6 Fund, in Partnership with Timeless Investments, Debuts in the Netherlands with Office Asset Acquisition
Source: Tristan Capital Partners Press Release
28 July 2022, London: Tristan Capital Partners’ EPISO 6 Fund with its local partner Timeless Investments, has acquired the Siemens Netherlands headquarters located at Prinses Beatrixlaan in The Hague. The asset was acquired from Corporate Office Fund VII, a consortium of Rinkelberg Capital and Eikenbosch Holding.
The 29,065 sqm asset consists of two inter-connected buildings, each with their own entrance and highly divisible floorplates. The asset is situated within the Central Business District and within walking distance from the intercity train station Laan van NOI. The high-quality ESG accredited asset benefits from an energy label A with the buildings being either LEED Gold or LEED Platinum certified. The business plan foresees to redevelop and further enhance the asset’s ESG performance.
Kick Van der Wel, Executive Director at Tristan Capital Partners, said: “The acquisition of the Siemens’ headquarters presented an opportunity to capitalise on the strong office market in the area. The lack of available Grade A stock coupled with a constrained development pipeline makes this an attractive proposition as occupiers continue a flight to quality. We are pleased to continue our successful relationship with Timeless Investments, who are an experienced and trusted partner.”
Tim van Veggel, Managing Partner at Timeless Investments, said: “The multifaceted business plan plays to our strength and capabilities as an active investor and quality developer. My special thanks go out to Martijn Nederhorst and Selina Polman for their contribution in this deal.”
Tristan Capital Partners was advised by Greenberg Traurig, SGS Search and PWC. The seller was advised by Cushman & Wakefield, Loyens & Loeff and SGS Search.