Union Investment lets 5,700 sq m in Rotterdam to Rabobank

Union Investment has let approximately 5,700 sq m of office space in its FIRST Rotterdam tower to Dutch company Rabobank. The new tenant will occupy the ground floor and five upper storeys of the property, which was completed in 2016 and is located directly opposite Rotterdam’s main railway station. The letting was brokered by Cushman & Wakefield.

Located at 758-776 Weena, FIRST Rotterdam offers a total of around 40,000 sq m of rental space in a central business location. The two largest tenants in the building are investment management company Robeco and law firm NautaDulith. The sustainability of the building is documented by a BREEAM rating of Excellent.

Union Investment acquired the FIRST Rotterdam tower via a forward funding deal from a joint venture between Rabo Vastgoedgroep and Dutch developer Maarsen Groep. Since acquiring the property, Union Investment has held it in its institutional open-ended real estate fund UniInstitutional European Real Estate.