Arzan Wealth Advises On Acquisition of Government- Leased Office Building in the Netherlands

Business

Arzan Wealth Advises On Acquisition of Government- Leased Office Building in the Netherlands

Arzan Wealth (DIFC) Limited (Arzan Wealth), a Dubai-based advisory company controlled by the Dubai Financial Services Authority, is pleased to introduce that it has suggested on the acquisition of Class A office complex fully let to the Netherlands Organization for Scientific Research, (NWO) at the Hague, The Netherlands (the Property). Established in 1950, NWO is the national study council for the Netherlands, managing the state funding of clinical research study at Dutch colleges on a project by project basis. Although an independent body, it runs under a government budget plan of near EUR 1 billion each year, under the Dutch Ministry of Education, Culture, and Science.

The property was built in 2000 and acts as the Headquarters to the Netherlands Company for Scientific Research (NWO). The asset is a Class A building comprising 13,635 m workplace in a U-shaped configuration over nine tales and has 176 vehicle parking places. The building, which lies in a prime place in the facility of the Dutch capital, The Hague, provides top quality, modern room and an adaptable workplace. The renter has actually remained in occupation given that 2001, and restored its lease in January 2017 for an additional 14 years.

Arzan Wealth acted as the Strategic Advisor on the structuring and acquisition of the Property and will proceed in this duty during the holding duration of this investment, which is predicted to deliver regular monthly income to clients equal to 8.00 % per annum. Muhannad Abulhasan, CEO of Arzan Riches said:

" This is our third Dutch transaction in recent years, mirroring our confidence in the safety and security of this market. Like our previous deals, the NWO asset is expected to be a safe investment that safeguards the principal of our clients while providing them with an extremely safe and secure and eye-catching monthly revenue.

The included tourist attraction of this bargain for investors is that the revenue from this federal government renter is very engaging when as compared to Dutch government bond yields. Our primary purpose at Arzan Wide range continues to be the protection of our clients' wide range and legacies, by decreasing threats and branching out earnings sources for them and their future generations."