Critical expertise integrated into the most prestigious and demanding Real Estate projects

Clients choose to work with us on their most prestigious and demanding projects. Whether it is the development of a new HQ, the acquisition or divestment of a business location, or as an integrated part of a much broader corporate transaction , Real Estate remains a key asset that requires critical expertise.

Our Real Estate experts advise Dutch and international companies, institutional investors, and listed real estate companies on their transactions either in the context of an asset deal or a share transaction.

Real Estate is often of particular interest and substance in many of our M&A deals and cross border transactions, and we increasingly act for clients operating in the field of infrastructure and renewable energy where outstanding blended real estate, corporate and regulatory advice is a critical component.

Recent Matters

10 June 2021

Kloosterboer Group acquired by Lineage Logistics

De Brauw assisted the Kloosterboer family on the sale of Kloosterboer Group to Lineage Logistics. Lineage Logistics, one of the world’s leading and most innovative temperature-controlled industrial REIT and logistics solution providers, reached agreement to acquire the Dutch family-owned Kloosterboer Group, a leading independent integrated platform for temperature-controlled storage, logistics and value-added services in Europe.The Kloosterboer family will continue to be involved in the Kloosterboer Group, becoming investors in Lineage and rolling a part of their sale proceeds into Lineage equity.The transaction is subject to regulatory clearance and completion of the employee consultation process.
30 September 2020

COFRA Holding acquires solar energy assets developer and owner Sunrock Investments

De Brauw assisted COFRA Holding in the acquisition of Sunrock Investments. Sunrock develops and manages solar energy projects in the Netherlands and is market leader in the large-scale roof-based solar energy segment, with a strong customer base of logistics and other business property owners. Sunrock fits well in COFRA's portfolio: it is a long-term strategic investment that fits COFRA's mission to be a force for good. The acquisition is also in line with COFRA's own ambitions for the transition to green energy and the reduction of the CO2 content of the portfolio.
14 February 2018

Design and construction of new nuclear research reactor by PALLAS in Petten

The Foundation Preparation PALLAS reactor (PALLAS) has selected Argentinian INVAP and Dutch TBI construction and installation companies Croonwolter&dros and Mobilis for the design and construction of the state-of-the-art PALLAS nuclear research reactor. PALLAS will replace the almost sixty-year-old High Flux Reactor (HFR) in Petten, 50km north of Amsterdam, in the Netherlands. In European hospitals, seventy percent of isotopes used for diagnostic procedures (e.g. for cancer and cardiovascular diseases) and treatment originate from the current reactor in Petten. Globally, this percentage is approximately thirty percent; in the Netherlands, it is as high as eighty percent. In 2015, PALLAS started the negotiated tender procedure for the design and construction of the PALLAS reactor under EU procurement guidelines. Three pre-qualified consortia – led by the Argentinian INVAP, the French TechnicAtom and the South Korean Kaeri respectively – proceeded to the next stage of the formal procurement process in January 2017 after a series of intense dialogues. After several rounds of bidding and negotiation, the combination of INVAP, Croonwolter&dros and Mobilis offered the best solution for a safe radioisotope production facility for nuclear medicine. On 24 January 2018, the EPCM and EPC Contracts were signed in the presence of the Governor of the Province of Río Negro, the Ambassador of Argentina, the Vice-Governor of the province of Noord-Holland and representatives from the Dutch Ministry of Health, Welfare and Sport and the Dutch Ministry of Economic Affairs and Climate. De Brauw has been involved in this project on a consistent basis since 2010, first on a previous tender procedure started by NRG (the operator of the HFR), and from 2015 on the new tender procedure by PALLAS. During this time De Brauw has acted as trusted advisor on a broad range of subjects, including procurement, EPCM and EPC contract drafting, debt and equity financing, regulatory and licencing aspects of the project. Team: Procurement, EPCM and EPC contracts and related investment and financing aspects: Bommel van der Bend, Menno Stoffer, Bregje Korthals Altes-Van Dijk, Diederik Maessen, Job van Ballegoijen de Jong. Regulatory and licencing aspects: Nicolien van den Biggelaar, Jasper van Uden Read here for more.

Insights

10 July 2020

Dutch Supreme Court: credit claims can be assigned and securitisation vehicle has duty of care

The Supreme Court decided on 10 July 2020 that banks can validly assign credit claims to non-banks, also if the underlying loans are non-performing or have been terminated. It also decided that if the assignee is not a bank, it can be required to observe the same duty of care towards debtors as would apply to a bank under the given circumstances. As such, the Supreme Court's decision not only confirms existing practice, but also provides guidance for future securitisations of Dutch loans.
19 May 2020

Council of State rules on norms for low-frequency noise caused by Dutch wind farms

How to mitigate unpredictable or uncertain risks has become a pressing topic in these uncertain times. During the decision-making process for activities or developments that may entail uncertain risks, public authorities have to assess the level of precaution that should be taken. The Council of State, the highest administrative court in the Netherlands, recently considered whether this "precautionary principle" demands stricter norms than legally required for the creation of wind parks because of potentially adverse health effects of wind turbine noise (lower frequencies of sound). The Council of State ruled that the politically responsible administrative authority is primarily in charge of assessing the need for such stricter norms. In May 2020, the minister asked the National Institute for Public Health and the Environment (RIVM) to formulate a research agenda on low-frequency noise.
2 May 2017

Mark Rebergen and Max van Drunen in The Real Estate Law Review

The Real Estate Law Review provides an overview of the global real estate market. Mark Rebergen and Max van Drunen recently contributed a new chapter about the Netherlands to the sixth edition of the review.