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Press Releases 2018

Principal Real Estate Europe acquires Bluewater office in Hoofddorp, the Netherlands

NEWS, 2018

Principal Real Estate Europe acquires Bluewater office in Hoofddorp, the Netherlands

Amsterdam, June 2018 – Principal Real Estate Europe has completed its third acquisition on behalf of Perial AM, purchasing the Bluewater office building in Amsterdam (Hoofddorp) from Aberdeen Standard Investments.

The 8,150 sqm property is fully let on a long lease to Bluewater, the global oil storage company.

Located in the prime Beukenhorst Zuid business district in Hoofddorp, one of the most sustainable business districts in the country, the building comprises office space, meeting rooms, restaurants and a 272-space underground car park, all conveniently located near the local rail and motorway network.

Guillaume Masset, Head of Transactions and Asset Management Europe at Principal Real Estate Europe, said: “Following the purchase of two office buildings in Milan, also for Perial AM, this acquisition is another good example of our ability to leverage Principal’s pan-European platform to provide our clients with cross-border investment solutions.”

NL real estate – Knight Frank and DLA Piper advised Aberdeen Standard Investments in this transaction. Perial was advised by Principal Real Estate Europe and NautaDutilh.

Company contact for further information:

Guiiaume Masset
Guillaume Masset, Head of Transactions and Asset Management Europe at Principal Real Estate Europe

T +33 1 40 15 53 00
masset.guillaume@principalreeurope.com
www.principalreeurope.com

Press contact for further information:

Principal Real Estate Europe

Jeremy Carey / James Verstringhe / Kirsty Allan

Email: james.verstringhe@tavistock.co.uk

Notes to editors

About Principal Real Estate Europe
Principal Real Estate Europe is part of Principal Financial Group’s dedicated real estate business, Principal Real Estate Investors, which manages or sub-advises $77 billion in real estate assets globally1.

The group’s real estate capabilities cover all four quadrants encompassing public and private, equity and debt investment solutions.

In Europe, Principal Real Estate Europe operates from offices in London, Frankfurt, Amsterdam, Paris, Lisbon, Luxembourg, Madrid and Milan, employing more than 100 staff who manage real estate across all asset classes in nine different countries.

Principal Real Estate Europe was formerly known as INTERNOS Global Investors, which was set up 10 years ago by Jos Short and Andrew Thornton, who continue to lead the business.

About Principal Global Investors

Principal Global Investors[1] is a diversified asset management organization and a member of the Principal Financial Group®, with expertise in equities, fixed income and real estate investments, as well as specialized overlay and advisory services. Principal Global Investors manages $423.8 billion in assets[2] primarily for retirement plans and other institutional clients.

[1]Principal Global Investors leads global asset management at Principal® and includes the asset management operations of the following members of Principal®: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Principal Enterprise Capital, LLC; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Morley Capital Management Inc.; Finisterre Capital, LLP; Origin Asset Management, LLP; Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal Global Investors (Australia) Ltd.; Principal Global Investors (Japan) Ltd.; Principal Global Investors (Hong Kong) Ltd., and include assets where we provide model portfolios. Marketing assets under management include certain assets that are managed by Principal International and Retirement and Income Solutions divisions of Principal.

[2]As of March. 31, 2018. AUM figure does not include Principal Real Estate Europe.

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