Savills Investment Management (“Savills IM”) has let a total of 20,300 sqm in the Netherlands in three major leasing transactions.
The company has extended the leases of two tenants in the Apollo office building at Wisselwerking 58 in the Diemen submarket of Amsterdam ahead of schedule.
Tele2 Nederland B.V. extended its lease for 15,400 sqm of office space and 436 parking spaces for ten years to the end of 2025. The telecommunications company has been the main tenant in the building since 2007. The Tele2 Group provides a range of telecommunications services to more than 13 million customers in nine countries.
Travel manager Carlson Wagonlit Travel (CWT) Nederland B.V., which has leased space in the building since 2006, signed a new five year lease for 1,850 sqm of office space and 40 parking spaces.
In Breda, in the south of the Netherlands, US conglomerate General Electric (GE) renewed its lease with Savills IM ahead of schedule and will use its premises in the East Park office complex (Bergschot 69) for a further five years. GE’s two subsidiaries, GE Capital Finance and GE International Benelux, have rented 3,070 sqm of office space and 77 parking spaces in East Park, which boasts 11,700 sqm of rental space overall.
The office complex is conveniently located only a few minutes’ drive to the east of downtown Breda and next to the A27 motorway, which provides direct links to Germany and Belgium. Breda’s appeal as an office location stems from its strategic central positioning in the heart of the Benelux countries. Situated between the ports of Rotterdam and Antwerp, it is a “gateway to Europe” for many companies from the food and machine parts manufacturing sectors in particular.
Savills Fund Management GmbH, part of Savills IM, acquired the properties in 2006 and 2007 for its retail real estate funds.