PingProperties purchases head office of Towers Watson
09-06-2015
Recently PingProperties acquired the ownership of the head office of Towers Watson at Prof. E.M. Meijerslaan 5 in Amstelveen for its PingProperties Corporate Office fund V.
The building
The head office of Towers Watson is a high-quality and sustainable building with around 4,000 m² of office space and 90 parking spaces, located in the Kronenburg office park in Amstelveen. The building was constructed in 2001 for Towers Perrin. At the time of the merger between Towers Perrin and Watson Wyatt in 2011, it was decided to carry out a large-scale renovation of the building and use it as the new head office.
The fund
The PingProperties Corporate Office fund V, which also has the offices of Canon Nederland in Den Bosch and PLUS Retail in Utrecht in its portfolio, is characterized by a stable and attractive cash return with a low risk profile. The purchase of the head office of Towers Watson strengthens the fund as regards geographical spread and the diversification of debtors. By taking advantage of an integrated purchasing and refinancing arrangement with ING, the fund can benefit from attractive market interest rates.
Towers Watson
Towers Watson provides solutions for the effective management of people, risks and capital. Towers Watson’s clients benefit from the brainpower and expertise of 15,000 professionals in 35 countries and the insights that broadly based international research can offer.
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