90 North and Audacia Capital are delighted to have completed the senior refinance of ASICS’s European headquarter office building in Hoofddorp, Netherlands with finance provider Berlin Hyp.
In 2017, investors advised by 90 North and Audacia acquired the asset fully pre-let through a forward funding structure with building completion and lease commencement in December 2018. The 11,856 sqm building retains its best in class ESG credentials with an A++ energy label and an excellent BREEAM in use certification and a LEED Gold certification. The asset remains 100% let.
In a joint statement, Susan MacLachlan, Partner, Head of Finance, 90 North and Emad Mansour, Chief Executive Officer, Audacia commented: “We are delighted to have worked with Berlin Hyp for provision of a new senior finance facility, which will support our business plan for this headquarter asset for the coming years and structured to provide the Shari’ah compliance our investors require.”