PingProperties sells headquarters of Blauwhoed in Rotterdam

20-04-2021

On behalf of ‘Brainpark II Investments’, PingProperties has sold the head office of Blauwhoed B.V. in Rotterdam to Eurion SCPI (an investment fund of Corum AM). The office building at 80 Lichtenauerlaan on Rotterdam’s Brainpark II business park comprises a floor area of 3,340 m² LFA and 81 parking spaces.

The Brainpark II office park, a small-scale, attractively designed office park developed by Blauwhoed in 1999, comprises 12 well-appointed office buildings, all constructed in the same architectural style along a green strip. The spacious plot of land on which the property is located features ample greenery and a large number of parking spaces. The site is easily accessible due to being located directly on the A16 motorway (Rotterdam/Breda/Antwerp) and the proximity of the Kralingszoom metro station. The building itself is clearly visible from the A16 motorway.

PingProperties acquired the building through a sale-and-lease-back transaction in combination with a new long-term lease agreement with Blauwhoed in 2019. At the moment of acquisition of the property there was approx. 1,300 SQM of office space available for leasing. As a result of Ping’s active leasing strategy this vacancy has been filled in successfully by two lease transactions: secondment agency Monday Maandag(1-10-2020) and the full-service administration office for entrepreneurs Entrpnr Finance B.V. (12/2/2020).

PingProperties considered the time was right to sell the office building strategically from its portfolio with a energy label A and fully let. Corum AM was legally guided by DLA Piper and technically by Arcadis. PingProperties was advised, regarding both the successful leasing and the sales transactions, by De Mik Bedrijfshuisvesting and Loyens & Loeff.