Dubai, United Arab Emirates-Monday 22 April 2019 [ AETOS Wire ]
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 on the acquisition of a portfolio of three
newly refurbished office buildings in Amsterdam, The Netherlands
(“Quarter Offices buildings”).
The Quarter
Offices buildings are located in the Sloterdijk business district in
Amsterdam, which is a growing and important office location for business
services, and includes several head offices. The properties are
immediately adjacent to Amsterdam’s A10 ring road which provides
excellent connectivity to the national highway network, the South-Axis,
the city center and Schiphol International Airport. Furthermore, the
properties are located at walking distance of one of the major train
stations of Amsterdam.
The Quarter
Offices buildings are three high-quality, prominent office buildings
comprising 26,014 sqm of office space and around 430 car park spaces.
The buildings were fully refurbished in 2017– 2018 to offer modern and
appealing spaces to occupiers, in addition to a flexible layout and
five-star amenities. The portfolio provides a secure income stream from a
diversified tenant roster, with all leases linked to the CPI index for
annual rental growth. Major tenants are well known companies in The
Netherlands like Aon, Maandag, DPA , EPEX SPOT and Allshare.
Arzan Wealth
acted as the Advisor on the structuring and acquisition of the portfolio
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 8.00 % per annum.
Muhannad Abulhasan, CEO of Arzan Wealth said:
“This
is our fourth Dutch transaction in recent years, reflecting our
confidence in the safety and security of this market. Amsterdam has
recently seen a number of global players move their business from
London, due to its stable and dynamic business environment. The added
attraction to this deal is that the portfolio is under-rented relative
to the current market, , thus providing an opportunity for overall
income growth from the assets.
We are proud
of the trust that is being placed in Arzan Wealth by our clients, and we
look forward to delivering on our promises to them in future. The
primary objective of Arzan Wealth is to preserve and protect the wealth
of our clients, while producing an attractive and predictable monthly
income.”
Notes to Editors
About Arzan Wealth (DIFC) Limited
Arzan Wealth
is an investment advisory firm registered at the Dubai International
Financial Centre (DIFC), and is regulated by the Dubai Financial
Services Authority (DFSA). Arzan Wealth currently advises various
professional clients on real estate, private equity and other
investments with a total value of assets advised around US$1.89 Billion.
Arzan Wealth focuses on arranging yielding investments in major global
markets, as well as bespoke investments that meet the requirements of
specific clients.
Contacts
Ahmad AlSabbrei, Head of Investment Operation, +96599888624
a.alsabbrei@arzanwealth.com