Arzan Wealth plays key role in Dutch office tower acquisition
DUBAI, August 16, 2021
Dubai-based Arzan Wealth said it had played a major advisory role for one of its clients on the acquisition of The Eempolis Office Building, a multi-tenanted office building located on top of Amersfoort Central Station, a strategic hub in the Netherlands.
Eempolis is an Energy Label A office building, and with a total length of almost 400 m, it is one of the longest buildings in th country. The Dutch property entails 31,865 sq m of office space and a large underground parking garage with 350 spaces.
Eempolis offers high-quality office space with an attractive leasing profile. The property has a very solid and diversified tenant base and is currently 95% occupied.
Reflecting its excellent location and facilities, 67% of the rental income is leased to tenants who have been in the property for more than 15 years, with many tenants being government-related entities and healthcare companies.
A company regulated by the Dubai Financial Services Authority, Arzan Wealth said it had acted as the sub strategic advisor on the structuring and acquisition of the asset and will continue in this role during the holding period of the investment, which is projected to deliver average monthly income to clients equal to 8.75% per annum.
CEO Muhannad Abulhasan said: "We are pleased to advise on the Eempolis acquisition, the latest addition to our expanding activities in the Netherlands. Amersfoort is strategically located on the major train junction of cross-country routes, making it a secondary corporate office hub with short and easy access to primary cities."
"Many companies want lower rents for their space requirements, especially as they respond to post-pandemic workflows that involve more decentralization and fragmentation of office space, and are choosing transport-linked locations like Amersfoort," explained Abuhasan.
"We believe that the Eempolis building will meet Arzan Wealth’s primary objective of protecting our clients’ wealth and legacies, by reducing risks and diversifying income sources for them and their future generations," he added.-TradeArabia News Service
