Arzan Wealth plays key role in sale of Dutch office tower
Dubai-based Arzan Wealth said it had played a key role in the sale of a 20,616-sq-m office property in Leiden, The Netherlands, for its client. The tower, built as per Breeam standards, boasts office accommodation over 10 floors with 586 car park spaces.
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Arzan Wealth, a Dubai-based advisory firm regulated by the Dubai Financial Services Authority (DIFC) said it had advised its client on the sale of an office building in Leiden, The Netherlands.
The sold property is a high-quality a 20,616-sq-m office building comprising office accommodation over 10 floors with 586 car park spaces.
Built according to Breeam 'Excellent' standards, it is located in Leiden Central Business District, The Netherlands. The property also houses the Global Headquarters of Heerema Marine Contractors, a leading marine contractor for offshore oil & gas fields.
The Heerema asset was acquired in mid-2016 as part of Arzan Wealth's yielding asset platform with an objective of producing an average annual yield of 8% to investors, and providing both predictable income and protection of capital.
Arzan Wealth said it had acted as the sub strategic advisor on the exit of this investment that has generated favorable returns for the investors during the five-year holding period.
On the deal, CEO Muhannad Abulhasan, said: "In light of the turbulence created by the Covid-19 public health crisis and the increased volatility in oil prices, we are pleased that we have been able to advise on the sale of the Heerema asset and meet our primary objective of protecting our investors’ capital after having delivered an attractive stream of monthly income over the past 5 years."
"Achieving this result despite the global disruption from the pandemic is a sign to our investors that we remain dedicated to working hard on their behalf at all times, to reduce risks and maximize returns," he stated.
"This sale takes Arzan Wealth’s track record to fourteen exits on behalf of our investors, and we look forward to being able to fulfill the investors’ long-term investment objectives with new opportunities," he added. -TradeArabia News Service
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