The transaction consists of € 118 million in refinancing and a € 50 million accordion facility, structured at 55% loan-to-value, providing additional capacity for future acquisitions as Time Equities expands its European platform. The portfolio comprises approximately 1.5 million square feet of net internal area across markets including Amsterdam, The Hague, Utrecht, Rotterdam, Arnhem and Apeldoorn. It is approximately 90% occupied by more than 65 tenants spanning government, professional services, healthcare, technology, logistics and other sectors. All assets hold a Dutch energy rating of A or higher, with more than half rated A+ or better.
Houthoff advised Time Equities on all Dutch law aspects of the transaction. The Houthoff team was led by Herman Lohman and Jeroen Vossenberg and further consisted of Wouter Ekkelkamp, Arno Boessenkool, Lilly Akhile Oijiangbe, Jan Veeningen, Jasper Dekens, Selma de Jong and Thies Esselink.
