Edge and 3W real estate complete sale of landmark office redevelopment in Maastricht

Today, Edge and 3W real estate announce the successful sale of the recently completed asset in Maastricht to a family office from the United Arab Emirates.

Inaugurated in June 2024, in the presence of Her Majesty Queen Máxima of the Netherlands,developers Edge and 3W real estate have extended the lifespan and purpose of the Ambachtsschool for generations to come. The new complex presents the first renovated national monument in the Netherlands set to become Paris-Proof for its low operational carbon footprint.

The buyer was assisted by BNP Paribas Real Estate in the purchase of the office developed by Edge and 3W real estate. Since the purchase, BNP Paribas Real Estate has been responsible forthe Asset and Property Management.

Michiel Santing, Head of Capital Markets Netherlands at BNP Paribas Real Estate, says:

We are proud to have been able to advise our client on this transaction. The unique and high-quality office building that meets the highest sustainability standards combined with the long-standing commitment of the tenant fits perfectly with the wishes of our client who was looking to expand its European real estate portfolio. This is a perfect example of our One bank strategy in action: the transaction was initiated by BNP Paribas Real Estate Netherlands in cooperation with BNP Paribas in the Middle East. BNP Paribas Real Estate provides Asset and Property Management and BNP Paribas REIM is involved for Investment Management.

Edge and 3W real estate were legally advised by AKD.The buyer was advised by BNP Paribas Real Estate. Greenberg Traurig provided legal support to the buyer for the acquisition and financing, Drees & Sommer served as technical advisor and VanOlde provided tax advice to the buyer.