Deka sells office property in The Hague

Deka Immobilien has sold the office property “de Resident” in The Hague, Netherlands, from the real estate assets of the Deka-ImmobilienEuropa fund.

”The achieved selling price amounts to €217 million,” Deka said in a press release. The buyer is the Rijksvastgoedbedrijf (RVB), the central government real estate agency of the Netherlands. 

“de Resident” is an office tower complex with a total rental area of approximately 53,371 m², of which 3,352 m² is allocated to retail, storage, and an atrium. The ensemble consists of the 104 m tall office skyscraper called “Castalia,” as well as three additional building sections with a height of up to 60 m, known as “Helicon,” plus a large underground parking garage. 

Deka Immobilien acquired “de Resident” in 1996 as a renovation and redevelopment project. It is located in a prime downtown location in the government and business district of The Hague, right next to the main train station and the old town.

The Dutch government is the tenant of the building, occupying 93% of the space with a lease agreement until 2029. 

Extensive renovation and expansion measures were carried out in 2014, leading to a contract extension with the main tenant.

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