References

Belair, Brussels

Hannover Leasing just acquired the landmark office property “Belair” located in the heart of Brussels. The office scheme has a lettable area of around 80,000 square metres, thereof 65,000 square metres in office space. Currently undergoing core-and-shell redevelopment, the eleven-storey buildings will be completed by December 2013. The property comes with an annexed multi-storey car park offering 681 parking spaces. It is intended to seek a green building certification with a “very good” rating under the BREEAM standard once the construction work is completed. The building's main tenant is the Belgian Federal Police, which will use the office complex as headquarters starting in December 2013. The lease extends over a fixed term of 18 years.

The total investment in a volume of more than 313 million euros will be realised within the framework of a joint venture. The fund company together with Hannover Leasing and a large institutional investor from Asia hold equal stakes in the joint venture. The investment is financed to 50 percent each with equity and debt capital. Hannover Leasing will be in charge of the asset management.

30 Crown Place, London

In April 2013, Hannover Leasing sold the 30 Crown Plaza office building in London to an institutional fund from South Korea that was represented by Samsung Real Estate Management (“SRA”). The investor commissioned Hannover Leasing together with Cushman & Wakefield Investors to handle the property's asset management for an initial period of five years. The property is a 19-storey trophy office building in the City of London with a total office space of 192,070 square feet. The building is let to Pinsent Masons LLP, one the best-known law firms in the United Kingdom. The lease has a remaining life time of 17 years, and will expire in late 2030.

Justice and Administrative Centre, Wiesbaden

Use type: Office
Lettable area: 50,000 sqm
Total investment costs: EUR 140 million 
Public private partnership

Other References:

Harenberg Center in Dortmund
Use type: Office
Lettable area: 21,400 sqm
Total investment costs: EUR 43.4 million
International fund of funds
Single investor

Rondo in Warsaw/Poland
Use type: Office
Lettable area: 70.000 sqm
Total investment costs: EUR 250 million
Foreign investor

Hitachi Power Office in Duisburg
Use type: Office
Lettable area: c. 20,000 sqm
Total investment costs: EUR 55 million
Foreign insurance company

WilhelmGalerie in Ludwigsburg
Use type: Retail, office
Lettable area: c. 18,000 sqm
Total investment costs: EUR 60 million
Club deal, superannuation schemes

Five Boats Duisburg
Use type: Office
Lettable area: c. 24,000 sqm
Total investment costs: EUR 86 million
Foundation model

Contact

HANNOVER LEASING GmbH & Co. KG

Wolfratshauser Strasse 49
D-82049 Pullach
Phone +49 (0) 89 21 104-0
Fax +49 (0) 89 21 104-210
E-Mail
© HANNOVER LEASING GmbH & Co. KG | Wolfratshauser Straße 49 | 82049 Pullach | Germany
Phone +49 (0) 89 21 104-0  | Fax +49 (0) 89 21 104-210 | E-Mail: kontakt@hannover-leasing.de