Global alternative investment firm King Street Capital Management has sold Pharos, an office building in Hoofddorp, the Netherlands.
The property, which was originally constructed in 2004, sits in Hoofddorp, an established office market of the Amsterdam Metropolitan area, with superb connectivity to Schiphol Airport and Amsterdam.
Together with its operating partner, King Street extensively renovated the property from 2018 to 2020, transforming it into an appealing multi-tenant office.
Pharos has approximately 25,057 square meters of leasable area and is currently 89% leased to a diversified international tenant base.
“We are pleased to have completed the business plan on this project, which further supports our investment mandate of transforming well-located real estate in key European cities into high-quality, modern and sustainable assets,” said Paul Brennan, Managing Director and Co-Head of Real Estate at King Street.
With a focus on sustainability, health and well-being, Pharos has received both A+ EPC and BREEAM In-Use Excellent ratings.