ASR Dutch Science Park Fund expands portfolio with acquisition at Leiden Bio Science Park

On 18 December 2024 a.s.r. real estate signed, on behalf of the ASR Dutch Science Park Fund, the purchase agreement with LCN Capital Partners for the acquisition of the European headquarters of Avery Dennison. With this acquisition, the science park fund of a.s.r. real estate is now also active at the leading Leiden Bio Science Park. The fund already has buildings at the TU Delft Campus South, Biotech Campus Delft, and Kennispark Twente in its portfolio. The ASR Dutch Science Park Fund has an exclusive partnership agreement with these three science parks to further develop the science parks.

The Avery Dennison European HQ is a distinctive and sustainable office/laboratory building, located at Leiden Bio Science Park near the A44 in Oegstgeest. Avery Dennison has been leasing the building since its completion in 2014. The company is a global player in the field of material sciences, labeling, and digital identification technologies, which are applied in healthcare and other sectors.

Martin Kraaij, fund director of ASR Dutch Science Park Fund: “This acquisition is in line with our fund strategy to expand and diversify our portfolio to different science parks. Leiden Bio Science Park is one of the 19 science parks in the Netherlands where the fund wants to invest and was at the top of our wish list. The acquisition of this sustainable building is a great addition to our portfolio.”

Avery Dennison European HQ
The building was designed by Paul de Ruiter Architects and developed by OVG (EDGE Technologies). With an energy label AA++ and BREEAM Very Good, it was designed with a focus on sustainability and wellbeing and has a modern appearance with a spectacular atrium at the heart of the building. The property comprises approximately 12,154 m² spread over six floors. The ground floor has a spacious and welcoming entrance and reception area. The second floor provides access to the restaurant, kitchen, and informal meeting places. On the 3rd, 4th, and 5th floors, there are office and laboratory spaces. There is a parking garage with space for 219 cars and 13 charging stations, as well as a bicycle storage area.

a.s.r. real estate was represented by NL Real Estate | Knight Frank on behalf of the ASR Dutch Science Park Fund in this transaction. CBRE advised the selling party, LCN Capital Partners.

Leiden Bio Science Park
The Avery Dennison European HQ is located at the Leiden Bio Science Park, the most established knowledge cluster in the Netherlands in the field of Life Science & Healthcare, with a strong international reputation. The clustering of top-level education, research, and healthcare organisations attracts students, researchers, and business people from all over the world to Leiden.

More about the ASR Dutch Science Park Fund
The ASR Dutch Science Park Fund invests in commercially exploitable real estate at science parks in the Netherlands. This actively contributes to the development of the Dutch knowledge economy. Investments in commercial real estate within the local ecosystem of science parks provide companies with the opportunity to be physically closer to new technology and knowledge. This promotes the development of new knowledge into products and services that benefit society. The ASR Dutch Science Park Fund focuses on institutional investors. ASR Nederland N.V. is the anchor investor.