ASR Dutch Mobility Office Fund buys Rabobank office building near Eindhoven Centraal station

On behalf of the ASR Dutch Mobility Office Fund, a.s.r. real estate has purchased the Rabobank office building at Fellenoord 17 in Eindhoven for approximately €115 million. These sustainable modern premises, with a BREEAM Excellent certificate and A++ energy label, are located directly opposite Eindhoven Centraal station.

The building was designed by internationally renowned architectural firm UNstudio and developed by EDGE for Rabobank. Completed in 2017, it has a floor area of 25,645 m², 546 parking spaces and a bicycle shed. On the ground floor are a range of amenities and a beautiful atrium. Rising around this are the eight upper floors, with an average lettable area of 2,800 m² each and a generous ceiling height of 3 metres. The climate ceilings can be regulated by zone to ensure a comfortable working environment.

The building’s sustainable character is further reflected in its BREEAM Excellent certification and A++ energy label. Other “green” features include an ATES system and solar panels. As a result, it has relatively low energy consumption.

The offices are fully let to Rabobank on a long-term basis, but thanks to a flexible building design with several entrances and cores can also be adapted easily to accommodate multiple tenants in the future.

“To grow the ASR Dutch Mobility Office Fund,” says fund director Pieter Vandeginste, “we focus on offices located at mobility-friendly locations in the five most important Dutch cities. Internationale Knoop XL’s ambitions for the Eindhoven station area fit perfectly within this.”

Part of Eindhoven’s new Internationale Knoop XL hub

The Rabobank building is located on the north side of Eindhoven Centraal station, within a hub zone scheduled to undergo a complete transformation in the coming years under the name Internationale Knoop XL. The station area is to become the showpiece of the Brainport region. Due in part to this region’s strong developments in recent years, Eindhoven is now considered the Netherlands’ fifth major office market. The number of people living in the immediate vicinity is set to rise to 15,000 within a few years, making it an appealing place to live, work, meet and stay. Somewhere easy to reach by train for onward travel to your own home, your workplace, the airport or an international destination. In other words, a true hub with great connectivity.

The vendor was assisted commercially in this transaction by NL Real Estate | Knight Frank and legally by Van Doorne.

About the ASR Dutch Mobility Office Fund

The ASR Dutch Mobility Office Fund focuses on high-quality office buildings in the immediate vicinity of mobility hubs in the five largest office markets (G5) in the Netherlands, such as major railway and metro stations and Schiphol Airport. These locations combine excellent accessibility with a dynamic environment. Mobility hubs feature a good mix of transport and local functions and a wide range of public amenities.

About a.s.r. real estate

a.s.r. real estate has been managing and investing in residential property, retail property, offices and agricultural land on behalf of its clients for more than 125 years. For professional investors it manages five Dutch property funds as well as individual asset-management mandates for domestic and international portfolios. Its focus is the long-term appreciation of real estate values and it is part of a.s.r., one of the largest insurers in the Netherlands.

Note for editors, not for publication

For more information, please contact:

a.s.r. real estate

Mariëlle Diddens, Marketing & Communications Adviser

Tel.: +31 683 638577

E-mail: marielle.diddens@asr.nl