Osborne Clarke in the Netherlands has advised Icon Real Estate (Victory advisers) on the tax matters relating to the sale of the New Babylon complex in The Hague to CORESTATE, which for the first time has acquired a property for the large Danish pension and insurance company PFA Pension via its subsidiary Hannover Leasing.
Initially opened in 1978 as the Babylon complex, the building was completely redeveloped in 2012 to meet the current market standards. New Babylon measures approximately 49,000 sq. m. and offers office spaces and other amenities and services. New Babylon is let to a diverse range of international tenants including but not limited to TNO, Property Works, Neuberger Berman, Coolblue and NLO.
The complex is located in The Hague’s central business district located adjacent to the central station.
Tax partner Job van der Pol advised Icon Real Estate.
Osborne Clarke is a recognised industry leader in real estate providing a comprehensive life-cycle service and advising major real estate industry organisations, ranging from developers and investors to property funds and corporate occupiers.