Valad Europe, the multi-let real estate investment manager, achieved considerable lettings success across the Benelux region during 2012, with more than 112,000 square metres of space let across 211 leases.
During the period, Valad’s Benelux team signed 95 new leases and renewed 116, achieving a tenant retention rate of more than 75 per cent.
Highlights include agreeing five new leases totalling 4,050 sq m on office and industrial space at Trade Park Matlinge in Rotterdam and several new leases and renewals for office space totalling 2,000 sq m at Edge Offices in Amsterdam. The renewals were headlined by Mitsubishi Electric Europe B.V. and ING Bank who both renewed their 4,200 sq m leases on industrial space at Capronilaan 46, Schiphol and Neptunusweg, Leeuwarden.
Mark McLaughlin, Valad Europe’s head of Benelux, says: “Once again this year, the importance of having local asset management teams and on-the-ground expertise was vital to our success in the Benelux region. In the current market, a strong focus on renewing leases is equally important as finding new tenants and it is our combined knowledge of our assets, our tenants and the local market which contributes to this success.”