Neo Capital acquires €50m office complex in Rotterdam (NL)
Neo Capital has purchased Weena 200 in Rotterdam from Blackstone for €50m. The asset offers 173,000ft² of prime office space across three multi-let commercial towers and is located at the heart of Rotterdam’s CBD, opposite the Central Station giving it excellent national and international transport links. Weena 200 is 87% let to 30 different tenants, including Cosco Shipping, JLL and Regus.
Deborah Watt, Head of Real Estate, Neo Capital, said: “We are pleased to have acquired our first commercial asset in the Netherlands with the purchase of Weena 200. It is in a prime location with fantastic connectivity and is let to a range of tenants producing a well-diversified income stream. The building was refurbished recently and is therefore attractive to new occupiers and offers the potential for rental growth. This is exactly the type of asset that neo capital is looking to invest in – good location, good connectivity, good tenants and which will allow us the opportunity as asset managers to improve and develop the asset for the betterment of our occupiers. Rotterdam is one of the world’s biggest and busiest ports and is a magnet for international businesses and with Dutch economic activity above trend level all signs point to a sustained boom in the city.”
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