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Aegila buys Unilever’s Rotterdam head office at Weena 455-457

Real I.S. sold Unilever’s head office located at Weena 455-457 in Rotterdam to a special purpose entity incorporated by Aegila Capital Management.

This is the first purchase of London asset manager Aegila in Europe. The building concerns Unilever’s international head office and the adjacent building, with a total office floor area of approximately 24,500 sqm and 318 parking spaces. Aegila paid 86.5 million euros. Aegila makes investments with capital provided by Osool Asset Management from Bahrein and BBK, the Bank of Bahrein and Kuwait, both of which are Aegila shareholders.

Unilever

The highrise is leased to Unilever, which occupies approximately 22,000 sqm of office space. Tio University is the lessee of the lowrise with a total surface area of approximately 2,500 sqm.

According to Giovanni Gregoratti, the CEO of Aegila Capital Management, this transaction is a great fit in the asset manager’s investment strategy based on the combination of a favourable market outlook, the unique location and the blue-chip lessees, which makes it the perfect first deal in Europe for Aegila. ‘We are pleased to have completed this acquisition in a highly competitive market. In the course of 2018, we will continue to consider options for expanding our portfolio in our European target markets.’

According to Savills’ head of acquisitions, Jordy Diepeveen, Rotterdam is following Amsterdam’s trend in terms of increasing investment volume and yield compression by pulling in fresh foreign capital. ‘In 2015, Rotterdam was the first city in the Netherlands to attract Asian capital (De Rotterdam). The four recent deals in Rotterdam, Maastoren (Asia), Cool63 (Germany), Wilhelmina Tower (USA) and Blaak 16 (Abu Dhabi), demonstrate the diversity of the institutional and other investors injecting capital into this market. Savills expects that Aegila’s acquisition of Weena 455-457 will not be the last example of large-scale cross-border investments in the Rotterdam office property market this year.
Savills, GT Law, BCLP, SGS Search and PwC served as the advisors to the buyer. NL Real Estate – Knight Frank and Loyens & Loeff were the consultants of the seller, Real I.S.

Savills, GT Law, BCLP, SGS Search and PwC served as the advisors to the buyer. NL Real Estate – Knight Frank and Loyens & Loeff were the consultants of the seller, Real I.S.

Source: Vastgoedmarkt
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