HFF Arranges €30M Financing for a Landmark Office Building in Rotterdam, Netherlands

LONDON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/search?q=%24HF&src=ctag” target=”_blank”gt;$HFlt;/agt; lt;a href=”https://twitter.com/hashtag/Netherlands?src=hash” target=”_blank”gt;#Netherlandslt;/agt;–HFF Real Estate Limited (HFF) announced today that it has arranged €30
million in financing for Weena 200, a 173,000-square-foot landmark
office building in Rotterdam, Netherlands.

HFF advised neo capital (neo), the London-based real estate investment
and asset management firm, on the five-year, floating-rate acquisition
loan.

Weena 200 is situated in the heart of Rotterdam’s central business
district with immediate proximity to Rotterdam Central Station, which is
the third largest train station in the Netherlands, and provides
accessibility to the local metro, tram and bus routes. The highly
prominent building was renovated in 2016 and is 81% leased to 30
different tenants operating across 20 business sectors, including real
estate, shipping, healthcare and serviced office sectors.

The HFF debt placement team representing the borrower was led by
managing director Claudio Sgobba, and director Andrew Hornblower.

“As one of our core client relationships, we are very pleased to have
completed our third financing on behalf of neo capital in the last 24
months,” Sgobba said. “They consistently identify and perform on
attractive income-generating opportunities with strong upside. Neo
capital’s business plan is emblematic of their asset management
expertise, as their hands-on efforts will generate a 33% increase in
rents over the first few years of ownership. As a result of their
success, neo’s sterling reputation has elevated them to become a
top-tier global investment manager with activity in Europe, North
America and the Middle East.”

Deborah Watt, Head of Real Estate at neo capital, added, “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.”

About neo capital

neo capital is an independent Investment Advisory and Asset Management
company founded in 2015. It has unrivalled access to Ultra High Net
Worth individuals globally and has $700 million of assets under
management. The company has several projects underway in Western Europe
and the US and aims to double its AUM to $1.4 billion.

neo capital’s philosophy is to provide best in class investment advice
to their clients so they can gain exposure to US and European real
estate markets.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading
provider of commercial real estate and capital markets services to the
global commercial real estate industry. HFF, together with its
affiliates, offers clients a fully integrated capital markets platform,
including debt placement, investment advisory, equity placement, funds
marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities
Limited are owned by HFF, Inc. (NYSE: HF). For more information, please
visit hfflp.com
or follow HFF on Twitter @HFF.

Contacts

CLAUDIO SGOBBA
HFF Managing Director
+44 20 7317 3115
csgobba@hfflp.com

KRISTEN MURPHY
HFF Director, Public Relations
+1 (617)
338-0990
krmurphy@hfflp.com


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