Press Release – 90 North confirms €91M purchase of two state-of-the-art Headquarter Office properties in The Netherlands, pre-leased respectively to ASICS and Danone

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90 North Real Estate Partners LLP (“90 North”) has advised on the acquisition of two adjacent built-to-suit headquarter office (“HQ”) properties now under construction in Hoofddorp, The Netherlands.

The properties, being developed by RED Company, are both state-of-the-art office buildings with a strong focus on sustainability and health.

The ASICS EMEA and Benelux HQ is due for completion in October 2018. The new Danone Netherlands Global HQ building is due for completion in March 2019.

90 North’s Partner, Audacia Capital, acted as Strategic Advisors on the acquisition.

Lisa Amin, Senior Investment Manager at 90 North, commented:

“We are delighted to continue to grow our portfolio in the Dutch market. It was a great pleasure working with RED Company on both these transactions. Both investments will provide a secure long-term income stream from global blue-chip tenants.”

Nick Judd, Founder and Head of Investment at 90 North, commented:

“90 North has now completed its 30th acquisition with many of the properties having similar characteristics – brand new or modern constructions, long leased to strong, global tenants with the highest possible environmental accreditation. As companies seek to hire and retain the best talent from around the world, the quality and environment of the latest office buildings is now of paramount importance.”

RED Company, commented:
“We are very proud to partner with 90 North and Audacia on this unique development. It is our mission to create the best workplaces of the 21st century, and we feel that 90 North and Audacia are equally passionate about this ambition. The Hoofddorp area was already one of the most sustainable office development areas in Europe. We are now adding ‘health’ to this profile, as these two new, state-of-the-art offices will not only be very sustainable, but also among the most healthy office buildings in the Netherlands.”