HNK The Hague achieves full occupancy
NSI N.V. has signed a 10-year firm lease with a leading multinational service firm for 4,814 sqm of office space and parking at HNK The Hague. The lease will start in Q4 2019 and as a result HNK The Hague is set to be effectively fully occupied by year-end 2019.
The tenant has been particularly attracted to HNK The Hague for the vibrancy of the location, the concept of shared services and all the amenities on offer, whilst at the same time being able to secure a distinct position and identity within the building.
NSI has significantly invested in HNK The Hague in recent years, upgrading the existing floors, creating better connectivity between the buildings, adding additional Managed Offices and amenities, including a roof terrace, whilst further improving the sustainability level of the building.
This letting is confirming a trend that larger occupiers are increasingly opting for shared services and amenities in buildings with activity, live and appeal to attract and stimulate their workforce, whilst being able to maintain a clear identity for their organisations. This strengthens our view that flexibility and the ‘office-as-a-service’ concept will be key for the office market in the future. We will continue to invest in our HNK concept and further improve our offering in the coming years.
This lease is a major contribution to the overall occupancy level for HNK, where we now expected the vacancy to decline to circa 15% by year-end 2019, down from 22.2% at the end of March 2019.
NSI N.V. (Euronext: NSI / NL0012365084) is a specialist commercial property investor and the only listed real estate investment trust (REIT) focused on well-located offices in economic growth regions in The Netherlands. The NSI team aims to maximise returns for its shareholders through pro-active management of its investment portfolio, value-add initiatives, and disciplined asset rotation. The portfolio, with a value of over one billion euros, is underpinned by a strong balance sheet, with significant capacity to fund both internal and external growth. By investing in attractive space and a high level of services for its customers, NSI can generate sustainable and growing revenues to support an attractive level of dividends. For more information visit our website: www.nsi.nl.