An affiliate of Harbert European Real Estate Fund V, L.P. has sold office building Borneo, in partnership with QUAN, to Irish Pension Fund. Borneo is located at Anna van Saksenlaan 51 in The Hague. The sale price has not been disclosed.
The office building – located at Laan van Nieuw Oost-Indië station – consists of 5,025 sq. m. and has an energy label A.
Reinier Wegman, Director Investment at Savills in the Netherlands, explains: "Given the economic headwinds, one could question the strength of the office market. However, I see that there is still a strong demand for high-quality offices, especially in prime locations. The offices that are strategically located are popular with occupiers, partly due to the role that public transport plays in mobility policy as part of sustainability objectives. As a result, you see that an office such as Borneo, located adjacent to a train station, fits well within the current risk profile of investors."
Harbert European Real Estate Fund V, L.P. and QUAN Real Estate Investors was advised by QB Management (asset management), Savills (commercial), Greenberg Traurig (legal) and CBRE (technical).The buyer was advised by NL real estate – Knight Frank (commercial), Houthoff (legal) and CVO Group (technical).