Offered 15 November 2007.
The property selected by APF International B.V. for Vastgoed CV APF VII, is office/retail building De Veste, on the corner of 18 Septemberplein/ Dommelstraat / Vestdijk in Eindhoven. It is located opposite Eindhoven-Centraal railway station and adjacent to the traffic-free retail heart of the city. Several regional and city bus lines stop frequently in the immediate vicinity of the building. This property therefore has an A1 central location.
The total lettable floor area is 9,375 m², of which 1,500 m² (16%) has a retail function. De Veste was built in 1978, and was redeveloped in the early 1990s. The building is fully let. Major lessees are ProRail B.V., Ahold Vastgoed B.V. and SNS Bank N.V.
The intended term of the limited partnership is ten years. The legal term is unlimited, however.
| Juridische structuur | limited partnership under Dutch law |
| Land | Netherlands |
| Participatie | 354 of € 50.000 |
| Eigen vermogen | € 8.850.000 |
| Vreemd vermogen | € 13.100.000 |
| Totale fondsinvestering | € 21.950.000 |
| Direct rendement | Average 8,13%* (return on investment) per year |
| Prognose totaalrendement | Average 9.84%* (return on investment) per year |
| Hypotheekverstrekker | SNS Property Finance B.V. |
| Hypotheekrente | 5.25%, seven years fixed, whereby there is an 'interest swap' (interest only and 'non-recourse') |
| 'Hefboom' | 59.7% loan capital in proportion to the fund investment 68.4% loan capital in proportion to the purchase price for the property, purchasing costs payable by the purchaser |
| Plaatsing begeleid door: | Adviesgroep Reyersen van Buuren bv, Amstelveen |