Marathon Asset Management sells office building in Hoofddorp, the Netherlands

Bryant Park Netherlands Acquisition III B.V. (a fund affiliated with New York based global asset manager Marathon Asset Management L.P. - “Marathon”) has sold the office building Azura on Saturnusstraat in Hoofddorp, the Netherlands, to the Municipality of Haarlemmermeer. The Azura building comprises more than 5,000 sq m with an adjacent pavilion of more than 700 sq m.

Having been established in 1991 at the Saturnusstraat in Hoofddorp, this office building was recently renovated and transformed into a modern business centre. The Azura building is easily accessible due to its location near highways A4, A44 and A9 and Hoofddorp train station at walking distance. The building offers excellent facilities for companies' daily operations, such as workplaces, meeting rooms and office spaces.

Erik Dijkema, Partner at Unifore, who acted as Asset Manager for Marathon from the outset says: “Unifore is very pleased with this sale to the Municipality Haarlemmermeer, Azura was from the start an asset management play by the book. Fully vacant at acquisition (December 2016) fully let a month later and after an intensive renovation, design by V8 Architects, finally handed over to the tenants in 2018!”

Corné Valk, Associate at Savills: "After a two-year process, we are delighted to have been able to assist Marathon in this complex sales process. The close cooperation with our Property Management department, who have been responsible for the management of the property since the acquisition by Marathon, allows current tenants not experience any disruption of daily activities and can continue operations effortlessly, during the handover to the Municipality of Haarlemmermeer."

Savills advised Marathon on the sale and management of the Azura building. Unifore fulfilled the rol of asset manager. Loyens & Loeff advised Marathon legally. The municipality of Haarlemmermeer was assisted by Cushman & Wakefield and legally advised by Pot Jonker.