June 30, 2015 - Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised a consortium of investors on the acquisition of a newly built, high quality office HQ building fully let to Siemens Netherlands NV – a wholly owned subsidiary of Siemens AG (“The Property”). The property is occupied by Siemens’ subsidiary, NEM Energy BV (“NEM”).
Located in The Netherlands, the Property comprises 9,366 sq.m. of office accommodation over 8 floors with 252 car park spaces and has a BREEAM (A) energy rating. The Property was leased for a term of 12.5 years in March 2014 with Siemens parent guarantee on the lease. The property is located in Zoeterwoude, near the city of Amsterdam.
Arzan Wealth acted as the Strategic Advisor on the structuring and acquisition of the Property, in joint venture with the Investment Advisor, 90 North Real Estate Partners, a strategic partner of Arzan Wealth. The consortium of investors was composed of a small group of corporate and individual clients, and included Commercial Real Estate Company (“Al Tijaria”).
Muhannad Abulhasan, CEO of Arzan Wealth said: “I am very pleased that Arzan Wealth has earned the trust of its clients, both new and long-standing relationships such as Al-Tijaria, in this Dutch transaction, which marks an expansion of our geographic presence. Like our previous deals, the Siemens Netherlands asset is expected to be a very safe investment that protects the principal of our clients while providing them with a highly secure and attractive monthly income from a high credit quality tenant. The fact that conservative-minded corporate entities and high-net worth families continue to rely on Arzan Wealth is a testament to our success in focusing on the preservation of wealth and the delivery of high levels of monthly income.”
Notes to Editors
Arzan Wealth (DIFC) Limited
Arzan Wealth is an investment advisory firm registered at the Dubai International Financial Center (DIFC), and is regulated by the Dubai Financial Services Authority (DFSA). Arzan Wealth currently advises various clients on real estate, private equity and other investments worth a total of just over US$ 1Billion. Arzan Wealth focuses on arranging yielding investments in major global markets, as well as bespoke investments that meet the requirements of specific clients.
90 North Real Estate Partners LLP
90 North is an independent investment advisory firm based in London, specializing in responsible investing and Shari’ah compliant real estate investment. The Founder Partners combine substantial property and other transactional experience, excellent track records with an absolute focus on property fundamentals to deliver superior risk adjusted returns and protect and enhance wealth.
In the past 3 years, 90 North has transacted on approximately £610,000,000 (US$950,000,000) of real estate transactions in the UK, US and Europe, working in close partnership with Gulf based institutions.
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