1 Jul 2022

M7 extends 8,000 SQ M of office lease with SamenTwente Enschede, Netherlands for 10 years

M7 is pleased to announce that it has agreed a 10-year lease extension, on behalf of M7 European Real Estate Investment Partners IV (“M7 EREIP IV” or the “Fund”), with SamenTwente, a Dutch government organisation, at Twentehuis Enschede, an office building in Enschede, in the Netherlands.

SamenTwente has occupied Twentehuis Enschede since 2003. The 10-year lease is for 7,800 sq m across 6 floors with 178 parking spaces and will serve as its head office. With this new extension, the property will remain approximately 90% occupied with a WAULT of 10 years.

The space will be used mainly by SamenTwente, a partnership of the 14 municipalities of Twente, with a focus on health, and consisting of organisations including GGD Twente, OZJT, and Veilig Thuis Twente.

Situated at Nijverheidstraat 28-30 in Enschede, one of the main cities in the Twente region, the building is well-connected to the local area offering several attractive amenities including a semi-private parking garage, a shopping area, and a train station.

Christiaan Ilias at M7 Real Estate commented: “In a sign of the ongoing momentum in the Dutch office market, this extension secures a strong tenant on a long-term lease and creates significant value for the Fund with a solid income stream. We look forward to continuing our relationship with SamenTwente and remain focused on letting up the remaining two floors which offer a private entrance, high quality, and well-designed space in an attractive location.”