NEWS FROM THE CVO GROUP

NEWS ARCHIVE

December 2011

NL - PingProperties acquires AkzoNobel office complex in Arnhem

PingProperties has come to an unconditional agreement with AkzoNobel regarding the purchase of the AkzoNobel office complex in Arnhem. The Dutch team of the CVO Group supported the investor with technical and environmental due diligence services.

 

The complex consists of four main objects and a potential redevelopment object and comprises a total of 6 acres of land and around 70.000 m2 LFA. The property is let for a long term to AkzoNobel and Teijin Aramid.

 

Besides by the CVO Group, PingProperties was advised by Houthoff Buruma and VMW Taxand.

 

- Based on an article by Vastgoedmarkt of December 2011 –

December 2011

NL - Hanseatic Funds acquires Monarch 2 development

Hanseatic Funds has acquired the office building development “Monarch 2” in The Hague, The Netherlands. The Dutch team of CVO supported the investor with technical due diligence services.

 

December 2011 - Monarch 2.jpg

 

The development is the second of in total four buildings to be realized by developer Provast c.s. in the 75.000 m² Monarch development.
The 15.000 m² building will have a BREAAM-NL Excellent rating. It is designed by Meyer & Van Schooten Architecten.

CVO will monitor the development and execution of the project on behalf of Hanseatic Funds.

 

Besides CVO the investor´s due diligence team comprised Houthoff Buruma, Latham & Watkins and Savills.

 

- Based on an article by Vastgoedmarkt of December 2011 -

December 2011

NL - Credit Suisse fund acquires Port City III in Rotterdam

CS REF Global, a fund of Credit Suisse, has acquired the Port City III office building in Rotterdam, The Netherlands. The Dutch CVO team supported the fund with technical due diligence services.

 

The property is part of a larger new development of three buildings in the Rotterdam - Waalhaven harbour area. The three buildings have a joint parking facility; a wooden promenade deck interconnects the properties at (raised) ground floor level.

 

December 2011 - Port City III.jpg

 

The recently completed property is fully let to Argos Oil. It has about 6.900 m2 office space and 194 dedicated parking spaces.

 

Besides by CVO the fund was supported by Jones Lang Lasalle and Loyens & Loeff. The vendor, Havenbedrijf Rotterdam c.s., was supported by CBRE.

 

- Based on an article by Vastgoedmarkt of December 2011 -