IBEX Gruppe AG launches Swiss student accommodation platform
29th of April 2020
Capricorn Capital Group operates as an investor and manager in newly-founded IBEX Gruppe AG in Switzerland.
IBEX Gruppe AG, a private real estate investment company headquartered in Basel, Switzerland, has launched a new platform for the investment in purpose-built student accommodation in good micro-locations of the Swiss university cities of Basel, Bern, Lucerne, St. Gallen, Winterthur and Zurich.
IBEX Gruppe AG plans to develop and subsequently manage a total of 1,500 to 2,000 student accommodation rooms. These plans exploit decades of real estate acquisition and development experience, and the delivery to the market of best-in-class properties.
IBEX Gruppe AG is already underwriting several projects in Basel and Zurich, and intends to acquire first plots or buildings in Q3 2020 and commence development in 2021.
More information can be found I the attached press release, accessed on the IBEX Gruppe AG website (www.ibex-gruppe.ch), or by contacting:
Steven Jan Stroband
IBEX Gruppe AG
Lange Gasse 8
+41 (0)79 703 74 77
Capricorn Capital Group BV sells Eindhoven property
17th of June 2020
Capricorn Capital Group BV and co-investor Zetland Capital Partners LLP have sold a
multi-tenant office building located at Beemdstraat 36-40 in Eindhoven, The Netherlands.
The property sold is a modern, ca. 1,450 sqm (net) building of three stories, with a “C” energy label.
Capricorn acquired the building in a 2019 portfolio acquisition with Zetland.
Subsequent to the purchase, Capricorn and its in-house asset manager, Square Asset Management,
worked on the sale to a private Dutch party. This sale corresponds to the investment strategy of the
cooperation between Capricorn and co-investor.
Capricorn was advised exclusively by Square Asset Management.
The Artesia Amsterdam B.V. sells properties on
Reguliersdwarsstraat 98, 100-104, and 106
15th of April 2020
Capricorn Capital Group BV, REB Projects BV and co-investors have sold the
Reguliersdwarsstraat side of the former Artesia Complex, located in a central canal neighbourhood of
Amsterdam, The Netherlands.
The properties sold consist of three separate, partially monumental buildings, located at
Reguliersdwarsstraat 98, 100-104, and 106, providing a total of 1,600 sqm gross floorspace. These
buildings form the rearward component of The Artesia Complex, with three large mansions situated
on the Herengracht side, and an inner courtyard with a designer garden located between the two
groups of buildings.
Capricorn acquired the former Artesia Complex in 2018 and embarked on a careful conversion of the
canal-side mansions into office space, focussing on preservation of historic elements and
neighbourhood context. Developer REB simultaneously worked with the Municipality of Amsterdam
while configuring plans for the Reguliersdwarsstraat buildings to match.
Reguliersdwarsstraat properties were acquired by a private investor and will be carefully reconfigured
for prime residential use. With the sale of these assets, Capricorn has exited its overall investment in
The Artesia Complex.
Seller was advised by RechtStaete and Nautha Dutilh.
Capricorn Capital Group B.V. has acquired two properties in Maastricht, The Netherlands
7th of April 2020
A 4,650 sqm (gross) complex of high-quality, historic and newer-construction buildings at Markt 27-28A and Batterijstraat 47-49, located near the main square in the centre of Maastricht, is zoned for a combination of residential and mixed use. These buildings will be carefully redeveloped into a mixture of offices and residential properties, possibly suited to a care home or for student accommodation. In addition, two quality office buildings with 8,160 sqm and 195 parking spaces at Randwycksingel 35 and Erasmusdomein 50, with 88% occupancy, give potential to improve leases and to reduce vacancy. The property also provides some options for additional development.
Capricorn will commence redevelopment of relevant buildings later this year.
The acquisition fits into the overall investment strategy of Capricorn to acquire add-value assets in the main cities in the Netherlands, in good micro-locations. Capricorn will continue to successively acquire comparable properties, adding to a sizable and growing portfolio under management.
Capricorn was advised by HVG Law and Square Asset Management, and financing was provided by ABN Amro Bank. CBRE undertook property valuations on behalf of the buyer.
Capricorn Capital Group B.V. acquires Rijnzathe 6 office building in de Meern, Utrecht
19th of December 2019
Capricorn Capital Group BV has acquired the Rijnzathe 6 office building in de Meern, Utrecht. This ca. 10,265 m2 office building with 250 parking spaces is ideally located and configured to benefit from the Utrecht metropolitan region’s demand for attractive workspace with good public access, proximate transportation infrastructure and quality tenant amenities.
Capricorn acquired the vacant property with private investors, and will commence a program of comprehensive refurbishment in January 2020. The resulting building will be suitable for multi-tenant leasing, with shared services and hospitality. Discussions with a number of interested tenants are already underway.
As 2019 closes, this acquisition further underpins Capricorn’s strategy to successively acquire value-add and opportunistic direct real estate in the Netherlands, adding to a sizable and growing portfolio under management.
Capricorn was advised by HVG Law, Alberts & Muus Bedrijfshuisvesting and Square Asset Management BV, which will manage the building. The seller was advised by Beaufort Bogaard Vastgoed.
Capricorn Capital Group's five year anniversary!
28th of November 2019
Last week we celebrated the five year anniversary of Capricorn Capital Group.
We want to thank all who have made this possible and we look forward to the coming years!
Square Asset Management has realised a long-term extension of the current lease agreement with Dutch Government Buildings Administration
15th of November 2019
Square Asset Management, on behalf of investors Zetland Special Situations Fund and Capricorn Capital Group B.V., has negotiated a long-term lease extension with the building’s sole tenant, the Dutch Government Buildings Administration (“Rijksvastgoedbedrijf’).
The building complex, located at Middellandse Zee 11 in Woerden, comprises 4,807 m² of office space and 127 on-site parking spaces.
On behalf of the landlord, we again wish Rijksvastgoedbedrijf a pleasant and beneficial tenancy.
Start of Square Asset Management
As of September 2019, Square Asset Management B.V. has commenced operations in the Netherlands as a new, full-service real estate management company. Square is an independent operator specialized in comprehensive asset management of property portfolios, currently focussing on offices and portfolios consisting of a healthy mix of commercial usages mixed-use buildings. Square also acts as an advisor on building acquisition/leasing and acquisition/sales processes.
As an asset manager, Square assumes overall management of client portfolios, applying a tailor-made approach. Thanks to a comprehensive network and direct relationships with renowned national and international market participants, Square understands how to optimize returns for property owners.
Square has made a flying start by assuming asset management responsibilities for 16 office buildings owned by Capricorn Capital Group B.V. The daily management of Square is in the hands of Bernd Jan Bolwijn and Koen Voskuyl. Square’s offices are located on the Maliebaan, in Utrecht.
Bernd Jan Bolwijn started at Kamerbeek in 1998 and made the switch to Molenbeek and Partners Bedrijfsmakelaars in 2000 as a real estate consultant in Utrecht, and subsequently with Jones Lang Lasalle in Amsterdam, where he was part of the national agency’s Industrial & Logistics team. In 2008, he started his own company, Bernd-Jan Bolwijn Vastgoed Consultancy, where the focus was on buying and selling investment properties and advising on general real estate investment-related issues for national and international clients. During this period, he successfully executed various asset management assignments for BNP Paribas Real Estate, among others. Due to his expertise and large network in the commercial real estate market, Bernd-Jan brings considerable value to the table as a consultant.
Koen Voskuyl studied Management Economics and Law in Groningen with a specialization in Real Estate. After completing his studies, he worked at Ymere in Amsterdam, where he was responsible for leasing commercial premises. He then made the switch to Intercity Real Estate Management. At the beginning of 2018, he was appointed Director of Asset Management, and remains responsible for the day-to-day management of Intercity’s commercial, technical department. Thanks to his experience and knowledge, he is an expert manager of property portfolios under his responsibility.
Zetland Special Situation Fund and Capricorn Capital Group have realised a long-term extension of the current lease agreement with InBev Nederland N.V.
18th of September 2019
On behalf of investors Zetland Special Situation Fund and Capricorn Capital Group, Square Asset Management has extended the current lease agreement of approximately 3,000 m2 of office space at Ceresstraat 1 in Breda with InBev Nederland N.V. With this lease extension, the building is fully let.
AB Inbev is the largest brewery chain in the world and the largest publicly traded company in Belgium and has its headquarters in Leuven.
The building has been owned by Zetland Special Situation Fund and Capricorn Capital Group since the beginning of July 2019.
Square Asset Management is the Asset Management organization founded by Capricorn Capital Group under the daily management of Bernd-Jan Bolwijn and Koen Voskuyl.
Capricorn Capital Group BV signs a long-term lease with IWG
9th of September 2019
Capricorn Capital Group BV signs a long-term lease agreement with IWG, for the total lettable floorspace of the monumental building, formerly known as the “Walen Weeshuis/Maison Descartes” in Amsterdam, The Netherlands.
Capricorn Capital Group BV has acquired the building in September 2018. The monumental building has a total gross office area of 5000 m2. This office building with inner courtyard is situated on the Prinsengracht 644A, Vijzelgracht 2A, and Eerste Weteringsdwarsstraat 107 and located directly in front of the entrance of the North-South metro line.
The first part of the complex was built in 1683 as an orphanage (Walen Weeshuis). Since construction it has had only three owners, passing into the hands of the Republic of France in 1971. France established and maintained the Maison Descartes (Institut Français des Pays-Bas) and the French Consulate General at this location, until deciding to seek new accommodation elsewhere.
“We are very excited that we were given the opportunity to lease this monumental landmark”, says Annelou de Groot, Development Director for IWG in the Netherlands. “We are confident that with this location, we will add great value for our clients in Amsterdam in the nearby future.”
Zetland and Capricorn has extended the current lease agreement with NavInfo
25th of July 2019
On behalf of investors Zetland Special Situation Fund and Capricorn Capital Group BV, Intercity Real Estate Management has extend the current lease agreement with NavInfo, both managed to extend the lease period and also to expand the area rented by NavInfo. The extension covers approximately 601 m², as a result of which the leased property from NavInfo amounts to approximately 1,259 m². Due to this expansion, the building located at the flight Forum 40-48 in Eindhoven is rented out for a long-term period and has been fully leased.
The building has been owned by Zetland Special Situation Fund and Capricorn Capital Group BV since the beginning of June.
Capricorn Capital Group BV and Zetland Capital Partners LLP acquire a group of properties from the Chalet Portfolio
4th of June 2019
Capricorn Capital Group BV and Zetland Special Situations Fund I LP, managed by Zetland Capital Partners LLP, have acquired a group of office buildings from the Chalet Portfolio, located in attractive micro-locations across The Netherlands.
Representing the initial transaction of an agreement between Capricorn and Zetland to successively acquire value-add and opportunistic direct real estate in the Netherlands, the portfolio is comprised of eleven buildings with a total LFA of ca. 42,500 sqm.
The cooperation partners will embark on a program of yield improvements and selective redevelopment.
Capricorn and Zetland are delighted to announce this acquisition, and look forward to exploring further opportunities in The Netherlands.
The buyer was advised by Quan Real Estate, Adelaer Real Estate, Ernst & Young, HVG Law and CBRE, the seller by Dentons Boekel.
Capricorn Capital Group BV and Zetland Capital Partners LLP target Dutch real estate portfolio
16th of April 2019
Capricorn Capital Group BV and Zetland Capital Partners LLP have agreed to work together for the acquisition of value-add and opportunistic direct real estate in the Netherlands.
The cooperation will target individual office buildings and development properties, and portfolios, featuring hidden value derived from passive property management, conversion potential, revisable impairments, or similar. Capricorn and Zetland will seek to assemble a portfolio in the next 18-24 months.
Zetland Capital Partners is an investment manager, based in London (UK), which specialises in European distressed opportunities and special situations. Within its real estate efforts, Zetland focusses on investment opportunities in select European markets which present value-add or opportunistic profiles, where Zetland can work alongside a strong operating partner to create value.
Capricorn Capital Group is a private investment and management office based in Utrecht (NL), which invests discreetly in direct real estate, including office buildings (added-value), multi-residential developments, and student housing developments, for its shareholders and a group of close external investors.
The Artesia Amsterdam B.V.
8th of April 2019
The Artesia Amsterdam B.V. - a joint venture between REB Projects, Capricorn Capital Group and Noorderhoofd Real Estate – announces the sale of the historic Amsterdam canal houses on Herengracht 539 and 541 to a private investor. After conversion, the properties will be let by the investor on a long-term lease to Rituals, which will use the properties as an extension at its current head office. The expected delivery is planned for mid-2020. At the end of 2017, the joint venture sold the adjoining Herengracht 543 property to a Dutch Family Office.
These properties are indicative of the joint venture’s ability to deliver refurbished prime buildings which carefully account for the historic fabric of the city, address their new owners’ sophisticated needs, and provide the seller’s investors a satisfactory return on investment.
Capricorn Capital Group BV acquired "Walen Weeshuis"
10th of September 2018
Capricorn Capital Group BV, together with its investors, have acquired the former “Walen Weeshuis”, currently partly in use by the French Consulate. The monumental complex was built in 1683 and located on a favored canal-side location in the city centre of Amsterdam, The Netherlands. The property will be fully renovated into high-quality office space. Capricorn is pleased to have acquired this important building in Amsterdam’s central business district. Its acquisition fits in with Capricorn’s long-term strategy of acquiring value-add residential and commercial assets in key locations of The Netherlands. Capricorn was advised in the acquisition by EY/HvG, and ABN AMRO served as the senior loan provider. For more information you can contact S.J. Stroband on email@example.com or on +31 30 633 1653.
Signal Capital, Unifore and Capricorn successfully acquire Dutch office portfolio
7th of September 2018
Signal Capital is pleased to announce that, in cooperation with its local partners, Unifore Real Estate and Capricorn Capital Group, on behalf of its Signal Real Estate Opportunities Fund, it has successfully completed the acquisition of a portfolio of 11 office assets in the Netherlands. Financial details are not disclosed.
Unifore Real Estate and Capricorn Capital Group are co-investors in the transaction and they will act as joint asset managers.
For more information you can contact Erik Dijkema at firstname.lastname@example.org or 06-53665700
Capricorn Capital Group BV acquired Amstel Boathouse
24th of July 2018
Capricorn Capital Group BV together with its investors, have acquired the Amstel Boathouse, formerly known as the “Miranda Pavilioen”, located at the river Amstel in the city of Amsterdam, The Netherlands. The asset is located on a unique spot where a restaurant has been housed since 1887. Capricorn will look in to the possibilities for the long term optimization of the asset.
Capricorn Capital Group BV acquired Houdringe Estate
23rd of May 2018
Capricorn Capital Group BV together with its investors, have acquired the “Houdringe Estate”. An office complex consisting out of a monumental building constructed in 1779 and two office buildings constructed respectively in 1984 and 2004. The Houdringe Estate is located at De Holle Bilt 20 – 22 in De Bilt The Netherlands, at the edge of Utrecht between the Science Park and the former RIVM Campus. The complex has a total lettable office area of 12.169 m2 and has 367 parking spaces on site. The total building is leased for a remainder of seven years to SWECO (formerly Grontmij).
Capricorn Capital Group BV host Foundation MOAM in The Artesia Amsterdam, The Netherlands.
7th of March 2018
Capricorn Capital Group BV is proud to have hosted Foundation MOAM in its asset The Artesia Amsterdam.
Capricorn Capital Group BV acquires an office building located in the historical city centre of Maastricht, The Netherlands
22nd of December 2017
Capricorn Capital Group BV together with its investors, have acquired the office building located at “Achter de Oude Minderbroeders 1” in Maastricht, The Netherlands. The property has a total gross office area of 6.253 m2. The building is located in the historical city centre of Maastricht next to the Medieval city walls. The total building is leased for a remainder of five years to KPN, the Dutch telecom operator.
Capricorn is pleased to have acquired the building . The acquisition of the building fits in to the long term strategy of Capricorn to acquire value add residential and commercial assets in the key locations in The Netherlands.
For more information click here for the English press release.
Capricorn Capital Group BV acquires an office building in Utrecht, The Netherlands
1st of November 2017
Capricorn Capital Group BV together with its investors, have acquired the office building located at the Oudlaan 4 in Utrecht, The Netherlands. The property has an energy label A and has a total gross office area of 13.721 m2 excluding 195 covered parking spaces. The building is located close to the city centre of Utrecht and its public transport.
For more information click here for the English press release.
Capricorn Capital Group BV host Beyond Context from Mart Visser in The Artesia Amsterdam, The Netherlands.
17th of October till the 19th of November 2018
Capricorn Capital Group BV is proud to have hosted Beyond Context the 25th jubilee of the famous Dutch fashion designer and artist Mart Visser in The Artesia Amsterdam.
Capricorn Capital Group BV sells one of the six monumental buildings out of The Artesia Complex in Amsterdam, The Netherlands
30th of November 2017
Capricorn Capital Group BV has sold one of the six monumental buildings out of The Artesia Complex located at the Herengracht in Amsterdam, to one of its co-investors who will use the buildings as headquarters for its family office. The rest of The Artesia Complex will be developed in to luxurious apartments.
Capricorn Capital Group BV sells its stake in the Bonnefanten and Annadal Asset in Maastricht, The Netherlands.
19th of May 2017
Capricorn Capital Group BV has sold its stake in the entities holding the Bonnefanten Asset and the Annadal Asset, both located in Maastricht, The Netherlands.
Capricorn Capital Group BV and REB Projects BV acquire the former hotel property at the Koninginneweg 28 in Amsterdam, The Netherlands
30th of June 2017
Capricorn Capital Group BV and REB Projects BV, together with their investors, have acquired the former hotel property at the Koninginneweg 28 in Amsterdam. The property is located at the back of the Koningslaan and has a total gross floor area of 2.393 m2. This characteristic property near the Vondelpark will be redeveloped in to generous apartments of international allure.
The detached villa built in striking red brick with 1,650 m2 of living space spread over an unprecedentedly floor space. As a result, spacious, light, one-storey apartments can be realized in the building, equipped with a lift.
Capricorn Capital Group BV and REB Projects BV acquire the Artesia Complex in Amsterdam, The Netherlands
3rd of May 2017
Capricorn Capital Group BV and REB Projects BV, together with their investors, have acquired the former headquarters of GE Bank Artesia, a prime portfolio of adjoined buildings, partially located on the prestigious Herengracht canal in Amsterdam, The Netherlands.
The complex, with a total floor area of 6,500 m2, consists of three monumental canal houses located directly on the Herengracht, three further buildings on the Reguliersdwarsstraat, and a large courtyard separating these. The complex will be renovated and converted predominantly into luxury condominiums, with 1,000 m2 office space to retained, and an elegant communal garden.
For the website please visit www.theartesia.amsterdam.
Annadal Campus in the news
19th of April 2016
The Annadal Campus in Maastricht, The Netherlands, held by All-In Real Estate BV and Capricorn Capital Group, is featured in an editorial in the Brabands Dagblad.
For more information click here for background information.
All In Real Estate and Capricorn Capital Group acquire the Annadal Campus in Maastricht, The Netherlands
31st of March 2016
All-In Real Estate BV and Capricorn Capital Group B.V. have acquired the Annadal complex in Maastricht, The Netherlands;. The total floor area of the complex is 48,000 m2, currently consisting of 400 student rooms and 22,000 m2 of commercial space for the benefit of health care tenants. The complex will be optimized to a full care and student campus and will be named ''Annadal Campus”.
For more information click here for background information.
Capricorn Capital Group and All In Real Estate acquire the Bonnefanten College in Maastricht, The Netherlands
15th of January 2016
All Capricorn Capital Group BV together with All In Real Estate have acquired the asset known as the "Bonnefenten College" in Maastricht, The Netherlands, which will be redeveloped in to 257 student units ready for the student year 2017/ 2018.
Capricorn Capital Group signs the acquisition contract for the Bonnefanten College in Maastricht, The Netherlands
17h of December 2015
Utrecht, 7 december 2015 – Capricorn Capital Group BV heeft een koopovereenkomst getekend met de gemeente Maastricht over de aankoop van het monumentale pand gelegen aan de Tongerseweg 135 in Maastricht, het voormalige Bonnefantencollege. Het pand zal worden ontwikkeld tot een studenten complex met 257 zelfstandige studentenkamers.
For more information click here for background information.
Gerard Boskma, Jan Willem Baud and Jan van de Moolen join the Board of Advisors of Capricorn Capital Group
16th of January 2015
Capricorn Capital Group is proud to announce that Gerard Boskma, Jan Willem Baud and Jan van de Moolen have joined the Board of Advisors of Capricorn Capital Group BV. The participation of these three senior professionals in an advisory capacity will be hugley beneficial to Capricorn Capital Group investment activities in the Dutch residential and student housing market.
For more information click here for background information.
Capricorn Capital Group and The Royal BAM Group develop unique investment structure in Dutch social housing
8th of January 2015
Capricorn Capital Group in close cooperation with the Dutch builder the Royal BAM Group have developed a unique investment structure to invest in turn-key residential social units to be build on building plots owned by Dutch housing associations. The project would be the only one in its sort to have a Public - Private partnership between a builder, a housing association and the investor.
Capricorn and BAM have performed a feasibility study and have signed a Letter of Intent with a Dutch housing association to build and acquire 80 apartments. The build will commence in July 2015.