Dubai-based Audacia Capital has completed the acquisition of two built-to-suit headquarter office properties with a combined purchase price of $108 million under construction near to Schiphol Airport in the Netherlands.
The ASICS EMEA and Benelux headquarters are due for completion in October 2018, while the new Danone Netherlands Global headquarters will be completed in March the following year.
The adjoining properties, developed by architecture firm Powerhouse Company and currently being developed by Red Company, have a strong focus on sustainability and health. They are designed to become an attractive ad cost efficient workplace, with LEED sustainability and WELL health and well-being assessments having been completed.
“This acquisition heralds Audacia Capital’s entry into the European real estate investment market and provides our partners with an exciting opportunity to be part of a ground-breaking development project. We will continue to develop in this sector, always striving to select and ensure solid, quality returns working alongside trusted partners,” said Audacia Founder and CEO Emad Mansour.
“Our strategic aim is to continue to develop Audacia Capital to become a multi-asset class manager,” he added. “European real estate is an important asset class to our clients thus we will continue to focus on sourcing exciting deals to help our clients achieve their investment objectives.”For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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