MEAG has acquired the World Port Center (worldportcenter.com) in Rotterdam, the Netherlands, for a special real estate fund in which Munich Re Group investors are invested. The seller of the property is a Joint Venture between a fund affiliated with MCAP Global Finance (UK) LLP (the UK affiliate of New York based global asset manager Marathon Asset Management L.P.) and Unifore Real Estate B.V. The building is let on long term leases, with major tenants being the Port of Rotterdam Authority and the Dutch National Police.
The 123-metre-high multi-tenant office tower is located at the tip of the Wilhelminapier and comprises a total of approximately 35,500 square meters of modern office space spread over 32 floors. The completely refurbished two-storey car park offers 507 parking spaces, 60 of which are equipped with charging stations. The U-shaped building consists of two towers, which are of different heights and connected by a glazed lift lobby.
World Port Center has been extensively refurbished, repositioned and leased on long-term leases by the Seller. The works that have been completed improved the ESG credentials of the building and included a full renovation of the lobby and terraces, designed by renowned architectural practice Mecanoo. The property has been awarded a BREEAM Excellent and a WELL Gold certificate.
Sebastian Sturm, Transaction Manager Real Estate for the Netherlands and Finland at MEAG: ‘The World Port Center in Rotterdam impresses with its excellent location, breathtaking architecture, high building quality and excellent sustainability. This building thus perfectly meets our high standards for the future viability of our investment properties. The World Port Center is let on a long-term basis and the property offers investors from our group stable cash flows over the long term to cover their liabilities from the core business.’
Source: meag.com on the 12th of September 2022
https://www.meag.com/en/inform/mitteilungen.html