ING has sold the Double U office property located on the Henri Faasdreef in the Hague to the Belgian Bank/Insurer KBC. According to PropertyNL, PropertyEU's sister Dutch publication, the property was sold for around EUR 65 mln. The 30,000 m[sup]2[/sup] development was completed in 2008 and is leased to Centraal Bureau voor de Statistiek and the Staatstoezicht op de Mijnen for an average lease term of 11 years. ING bought the asset in beginning 2008 as part of the KFN portfolio purchase. KBC was advised by Loyens Loeff, and ING was advised by Savills and Nauta Dutilh.
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