Dubai, United Arab Emirates-Monday 8 March 2021 [ AETOS Wire ]
Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has advised its client on the acquisition of a single tenant office campus with dedicated media broadcast studios in the heart of the Media Park in The Netherlands.
This well-known office and studio asset is fully leased to RTL Nederland B.V. for 10 years until 31 December 2030. The RTL Campus comprises three separate office buildings totaling 17,293 sqm and 161 parking spots and was recently renovated. It is used as HQ offices and production and broadcast studio space for the various news and media channels of RTL.
RTL Nederland enjoys a dominant position in television broadcasting, and as a part of RTL Group, has been located at the Media Park since 1996. RTL Group, the parent company of RTL Nederland, has realized a record high turnover in 2019 of € 6.5 billion, an annual growth rate of 2.2%. The parent company of RTL Group is Bertelsmann AG, with over 125,000 employees and €18 billion turnover, and is considered one of the largest media companies globally.
Arzan Wealth acted as the Sub Strategic Advisor on the structuring and acquisition of the asset and will continue in this role during the holding period of this investment, which is projected to deliver average monthly income to clients equal to 9.20 % per annum.
Muhannad Abulhasan, CEO of Arzan Wealth said:
“We are pleased to advise on our fifth Dutch transaction, reflecting our confidence in the safety and security of this market. The Dutch real estate market has become a key destination for foreign capital due to exceptional strong market fundamentals and characteristics, and a relatively low risk profile. In particular, the RTL Campus is in Media Park, which is a concentrated center of excellence for the media industry in the Netherlands, making it an attractive and natural location for major media companies like RTL.
We are proud of the trust that is being placed in Arzan Wealth by our clients, and we look forward to delivering on our promises to them in future. The primary objective of Arzan Wealth is to preserve and protect the wealth of our clients, while producing an attractive and predictable monthly income, and we believe that the Netherlands offers us good opportunities to fulfill this mission.”