Dutch investor PingProperties has acquired an office building in Friesland in the Netherlands and created a new fund, the PingProperties Corporate Office Fund XI, to hold the acquisition.
The asset, the Aegon office building located at Snekerlade 1 in Leeuwarden, is occupied by Aegon Nederland on a long-term lease.
Designed by Abe Bonnema, the property consists of two buildings with a total floor area of 11,846 m2. Both buildings were fully renovated in 2016 and hold an A energy label.
The new fund consists of a select number of participants, one of which is PingInvestors.
PingProperties was assisted in the transaction by Loyens & Loeff and Amstelius. The vendor was assisted by Rechtstaete and CBRE.