The Dutch pension fund for Metalworking and Mechanical Engineering Industry (PMT) is the new owner of the office building ‘De Rijntoren’ in Arnhem, the Netherlands.
Asset manager MN purchased the office building ‘WTC Arnhem – De Rijntoren’ on behalf of PMT from Sechzigste Sachwert Holland GmbH & Co KG. The multi-tenant office building is located next to Arnhem Central Station and comprises approximately 10,836 sq m divided over 16 floors, including the ground floor. It is let to 17 different tenants and has an EPC Label A, confirming it already meets the 2030 standard.
The purchase of the ‘De Rijntoren’ is in line with PMT’s strategy to invest in properties which are located next to a central station or in the city center of the 20 best Dutch office cities.
Tenants and their guests can easily reach the building by public transport or car due to its parking garage and its proximity to the central train station. ‘The Rijntoren’ and the adjacent ‘Parktoren’ were built in 2005 as part of the same project which comprises the whole station area of Arnhem.
Jan de Quay, Managing Director Investment at Savills in the Netherlands, says: “Demand for well-connected prime offices outside the G4 (greater Amsterdam, Rotterdam, The Hague and Utrecht) is growing, as also stated in our latest Market in Minutes. The purchase of ‘De Rijntoren’ underlies this development. In an increasingly competitive market, we are very pleased that we have been able to purchase this iconic blue office building on behalf of our client.”
The buyer was advised by Savills (commercial), Houthoff (legal), Peutz and Herman de Groot (technical). The seller was advised by Cushman & Wakefield.