ARZAN WEALTH ADVISES ON ACQUISITION OF GOVERNMENT- LEASED OFFICE BUILDING IN THE NETHERLANDS
6th November 2017 – Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised on the acquisition of Class A office building fully let to the Netherlands Organization for Scientific Research, (NWO) at the Hague, The Netherlands (“the Property”). Established in 1950, NWO is the national research council for the Netherlands, managing the state funding of scientific research at Dutch universities on a project by project basis. Although an independent body, it operates under a government budget of close to € 1 billion per year, under the Dutch Ministry of Education, Culture, and Science.
The property was built in 2000 and serves as the Headquarters to the Netherlands Organization for Scientific Research (NWO). The asset is a Class A building comprising of 13,635 m² office space in a U-shaped configuration over nine stories and has 176 parking places. The building, which is located in a prime location in the center of the Dutch capital, The Hague, offers high quality, modern space and a flexible working environment. The tenant has been in occupation since 2001, and renewed its lease in January 2017 for a further 14 years.
Arzan Wealth acted as the Strategic Advisor on the structuring and acquisition of the Property and will continue in this role during the holding period of this investment, which is projected to deliver monthly income to clients equal to 8.00 % per annum.
Muhannad Abulhasan, CEO of Arzan Wealth said:
“This is our third Dutch transaction in recent years, reflecting our confidence in the safety and security of this market. Like our previous deals, the NWO asset is expected to be a safe investment that protects the principal of our clients while providing them with a highly secure and attractive monthly income. The added attraction of this deal for investors is that the income from this government tenant is very compelling when compared to Dutch government bond yields. Our primary objective at Arzan Wealth continues to be the protection of our clients’ wealth and legacies, by reducing risks and diversifying income sources for them and their future generations.”
ENDS