netherlands

UTRECHT, THE NETHERLANDS

Location

The asset is located in Utrecht, the fourth largest city in 
The Netherlands, with a population of approximately 320,000 people. Utrecht is centrally located approximately 35 km South-East of Amsterdam and approximately 48 km North-East of Rotterdam.

Asset Overview

  • The property, built in 1989, is located on a small business park primarily used by public sector service providers.
  • A residential area is located immediately behind the business park.
  • The location is not an office district.

Key Management Issues at Purchase

  • The building has previously been occupied as a high school and was fully vacant when Rynda took over its asset management assignment.
  • The legal title was impaired following a poor conveyance.

Achievements during assignment

  • 1,700m2 of accommodation has been leased.
  • The gross rent passing has increased from €0 to €204,276.
  • Within 9 months the vacancy rate has reduced from 100% to approximately 13%.
BACK TO PORTFOLIO

Find out how we can work together

If you are an institution or investor interested seeking investment opportunities in real estate across Western Europe – please contact us.

GET IN TOUCH