Sienna IM Benelux advises SCPI Transitions Europe on acquisition of life science asset in Assen

Sienna Investment Managers’ (Sienna IM) Benelux Real Estate team has advised SCPI Transitions Europe on the acquisition of a life science asset in Assen, having just recently assisted the fund with the acquisition of a light industrial asset in Velden-Venlo. This transaction involves a bioanalytical laboratory, boasting approximately 5,650 m² of lettable floor area, ample outdoor parking, and an energy performance label A++.

The property was built in 2015 and expanded in 2020, and is now fully let to ICON, a globally active company providing a broad range of services, ranging from consulting to clinical development and commercialization services to the pharmaceutical industry. Arkéa REIM was advised by Sienna Investment Managers, Greenberg Traurig (legal) and Hollis Global (technical). During this transaction, seller was advised by Cushman & Wakefield (commercial) and Clifford Chance (legal).