Key Takeaways
- Sector: Real Estate.
- Geography: Netherlands.
Analysis
Capreon, the pan-European real estate investment manager, has completed the acquisition of New Babylon, a premier 49,000 sqm hub in The Hague (Netherlands), from PFA Pension and HANNOVER LEASING.
Situated near the city’s Central Station, the asset benefits from superb commuter accessibility and a diversified mix of long-term tenants, including TNO, the Netherlands’ leading research and tech institution. The property's sustainability credentials are firmly in place with energy labels A++ and A+++, complemented by a BREEAM In-Use Very Good rating.
Capreon intends to deploy active asset-management strategies to lift rental performance and further energy upgrades. This deal adds to a growing European footprint after recent acquisitions such as 70 St Mary Axe and the Technique building in London, along with its Netherlands exposure via Brainport Eindhoven.
Advisory support for the transaction included NL Real Estate (commercial), CMS (legal) and Drees & Sommer (technical) for Capreon, with Colliers advising Hannover Leasing and PFA Pension. Legal and tax specialists Houthoff and KPMG, along with SGS Search, supported the process.
The Dutch prime office market remains tight, with quality space in high demand as occupier appetite for centrally located amenities persists. Capreon’s investment underlines continued cross-border interest in The Hague, a city benefiting from strong rail connectivity and growing corporate activity.
Looking ahead, the New Babylon acquisition strengthens Capreon’s European platform, demonstrating the firm’s willingness to back flagship assets in supply-constrained markets and to pursue value-enhancing updates that align with ESG-focused tenants and investors.