October 18, 2021

Dubai New Style

News site from DGN

ARZAN WEALTH ADVISES ON ACQUISITION OF AN OFFICE BUILDING IN THE NETHERLANDS

DUBAI, UNITED ARAB EMIRATES, (AETOSWire) – Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised its client on the acquisition of The Eempolis Office Building, a high-quality, multi-tenanted, office building, situated on top of Amersfoort Central Station, a strategic hub in the Netherlands.

Eempolis is an Energy Label A office building, and with a total length of almost 400 meters it is one of the longest buildings in the Netherlands. The property entails 31,865 sqm of office space and a large underground parking garage with 350 spaces.

Eempolis offers high-quality office space with an attractive leasing profile. The property has a very solid and diversified tenant base and is currently 95% occupied. Reflecting its excellent location and facilities, 67% of the rental income is leased to tenants who have been in the property for more than 15 years, with many tenants being government-related entities and healthcare companies.

Arzan Wealth acted as the Sub Strategic Advisor on the structuring and acquisition of the asset and will continue in this role during the holding period of this investment, which is projected to deliver average monthly income to clients equal to 8.75% per annum.

Muhannad Abulhasan, CEO of Arzan Wealth said:

“We are pleased to advise on the Eempolis acquisition, the latest addition to our expanding activities in the Netherlands. Amersfoort is strategically located on the major train junction of cross-country routes, making it a secondary corporate office hub with short and easy access to primary cities. Many companies want lower rents for their space requirements, especially as they respond to post-pandemic workflows that involve more decentralization and fragmentation of office space, and are choosing transport-linked locations like Amersfoort. We believe that the Eempolis building will meet Arzan Wealth’s primary objective of protecting our clients’ wealth and legacies, by reducing risks and diversifying income sources for them and their future generations.”

*Source: AETOSWire