Development company De Monarch - a joint venture of Provast and ASR Vastgoed Ontwikkeling - has reached agreement with German open-ended fund manager Union Investment Real Estate on the sale of the first building in the De Monarch plan for the Prinses Beatrixlaan in The Hague. The first building comprising roughly 18,000 m[sup]2[/sup] office space is being realised in the heart of the Beatrix district in the Central Business District with a price tag believed to be in the vicinity of EUR 60 - 80 mln.
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