Grünwald, 22/08/2022 - KGAL Investment Management GmbH & Co. KG has acquired the fully-leased 9,200 sqm office property Westerlaan 10 (W10) on behalf of a pan-European fund. The property, which is located in the city centre and has a high-quality interior, has been the corporate headquarters of Vopak for many years. The internationally active, listed group extended its lease for 15 years in 2020.
With the largest port in Europe, Rotterdam is considered “Europe’s gateway to the world”; around 54,000 companies are located in the second largest city in the Netherlands. However, Rotterdam is not only an important trading centre, but also offers a high quality of life – and unlike Amsterdam, for example, it does so at reasonable prices. “This is why Rotterdam is popular with both companies and professionals,” explains André Zücker, Managing Director and Head of Real Estate of KGAL Investment Management. “The limited availability of high-quality office space in particular is in high demand, which can also be seen in the low vacancy rates.”
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