Cruquius Kwartier

A development of loft-offices comprises four individual buildings.

The "Golden distribution centre" developed by HVBM is purchased by Forever Direct herself!

Yesterday we toasted with a good glass of champagne! HVBM made ​​a great deal with Forever Direct Properties B.V., the real estate entity and the sister company of Forever Direct EU. Forever Direct herself purchased the EMEA distribution centre as developed by HVBM on business park Borchwerf.

Adriaan Molenschot and Martin Zegers (Managing Director Forever Direct Europe) signed the contract both very  proudly on 11 March. Adriaan: "A greater glory of work does not exist!"

Initially Forever Direct E.U. wanted to rent the building of HVBM and a long-term lease agreement was closed. But now the building is finished, Forever Direct is so happy that she decided to buy it and exercises her right of first refusal. The total investment volume of this transaction was € 15 million.

In this time of tight funding market it gives HVBM the scope for new projects.

There was a lot of interest because HVBM received several bids with a BAR between 7.25 and 7.5%.

A 'boost' for the market in these difficult economic times, many foreign investors show their interest. The deal illustrates the growing shortage in the market for high-quality logistics real estate.

CBRE acted as advisor in this transaction.