SynVest buys office building in Hoofddorp, the Netherlands

SynVest has purchased an office building located at Wegalaan 2-8 in Hoofddorp, the Netherlands, from NSI. The asset comprises approximately 3,000 sq m of office space and 70 parking spaces.

The building is fully let to, among others, Murata, a Japanese manufacturer of electronic components.

Patrick Oudshoorn, Fund Manager SynVest, says: “Including this acquisition, the SynVest Dutch Real Estate Fund now holds 27 properties. With this fully and long-term leased property, we are further developing a solid, profitable fund.”

Sander van den Engel, Associate Director Leasing & MidCap Investments at Savills in the Netherlands, says: “Although the investment volume in the Haarlemmermeer, where Hoofddorp is located, fell sharply in 2020, the number of deals remained stable. This indicates that the MidCap segment in this region is gaining popularity amongst investors. We are pleased to have successfully completed this transaction on behalf of our client SynVest.”

SynVest was advised by Savills. The seller, NSI, was advised by TREC.