Deutsche Hypo – NORD/LB Real Estate Finance has provided Dutch real estate investor and asset manager Zadelhoff with a EUR 75 million financing facility for a high-quality office portfolio in Amsterdam.
The portfolio comprises the municipally listed Havengebouw in Amsterdam city centre and four office properties located on De Boelelaan and Antonio Vivaldistraat in Zuidas, one of Amsterdam’s principal business districts.
The Havengebouw occupies a waterfront location on the IJ within walking distance of Amsterdam Central Station. Designed by Dutch architect Willem Dudok and completed in 1960, the building provides approximately 11,700 sqm of office space. It was extensively refurbished by Zadelhoff in 2021.
The refurbishment included the installation of a thermal energy storage system, known in the Netherlands as a WKO system. The building operates without natural gas and currently holds an A+ energy label.
The four properties in Zuidas benefit from good accessibility by public transport and car. Antonio Vivaldistraat 2-8 serves as Zadelhoff’s headquarters. The properties currently hold energy labels ranging from A to A+++, with the exception of Boelelaan 28, which holds an energy label C. Further energy-efficiency measures are planned for this property.
Bart Bruggeman, CFO of Zadelhoff, stated: “I am very pleased with another financing together with Deutsche Hypo of five objects in our group. The fast, pragmatic and flexible approach of Deutsche Hypo during the financing process and the terms and conditions of this 10 year loan, are giving Zadelhoff a lot of comfort for the future ahead.”
“The best transactions are those where all parties are working towards the same goal. Thanks to the constructive cooperation with both Zadelhoff and Real Estate Debt & Capital advisor PPREF, the financing process went particularly smoothly. We are proud of the result achieved and greatly appreciate the trust Zadelhoff has placed in us”, says Martijn Turenhout, Senior Director at Deutsche Hypo – NORD/LB Real Estate Finance.