Triodos Vastgoedfonds has acquired the office building “De Rode Haan” located at the Westlandseweg 2-40 in Delft. The property measures 6,769 sqm and has 107 parking spaces. The building is within walking distance of the train station of Delft and is also easily accessible by car. The property has recently been fully refurbished and is fully let for ten years to three tenants. The purchase price of €11.5 million (excluding purchase costs) represents a gross initial yield of 8% (excluding purchase costs).
The acquisition fits Triodos Vastgoedfonds’ strategy, which focusses on sustainable real estate in centrally located urban locations that are easily accessible by public transport. The building is a good example of Industrial Flexible and Dismountable construction (IFD). This means that during construction, sustainable and dismountable materials have been used in order to ensure maximum flexibility of the property throughout its entire life span. Triodos Vastgoedfonds will further improve the building’s energy label to an A-label by implementing led lighting and installing solar panels.
Guus Berkhout, Fund Manager Triodos Vastgoedfonds: “We are very pleased with the acquisition of ‘De Rode Haan’. The property fits well within our real estate portfolio. Its location, close to the train station, was an important consideration in our investment decision. The sustainable characteristics of the building resulting from how it has been built and the opportunities to improve on sustainability even further, make a good fit with our strategy.”
The property is being sold by the municipality Delft. The municipality’s alderman Lennart Harpe (Vastgoed) is very pleased with the outcome of the sale of ‘De Rode Haan’: “Our prior municipal office is home to three companies that are important to our local economy and employment opportunities. The building is in good hands with Triodos Vastgoedfonds, a socially responsible investor that focusses on sustainability. In short, a true asset to our city.”
The municipality of Delft was advised in this transaction by CBRE and BarentsKrans. Triodos Vastgoedfonds was advised by Houthoff and SGS Search.