Henley 360 has acquired a light industrial and office property in an off-market deal in Utrecht, the Netherlands, for €3.35 million.
The De Biezan Business Park, a 187,300-square foot site, was sold by a private seller at a price considered to be under market value.
It is Henley360’s fifth acquisition in Europe and third asset in the Netherlands. The business park has motorway links to Rotterdam and Amsterdam.
Kevin Oppenheim, managing director of Henley 360, said:
“The acquisition represents an opportunity to acquire a predominately vacant asset, ripe for development, in the premium location of De Biezen Business Park, Vianen. The property is ideally suited to take advantage of strong occupier demand following conversion into a modern, mixed-use business park.”
“The condition and configuration of the building will allow for a rapid and economic conversion, while our proven ‘FlexiZone’ concept, will offer a comprehensive range of business space to the local SME market, improving occupancy and rental levels significantly.”
JLL introduced the deal and Nauta Dutilh provided legal services to Henley 360.
24th March 2017 | Article by Theo Andrew – Real Estate Investment Times
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