ASR Dutch Science Park fund expands presence to Leiden

The Dutch company ASR real estate has acquired the European headquarters of Avery Dennison, an office/laboratory building at Leiden Bio Science Park from LCN Capital Partners on behalf of the ASR Dutch Science Park Fund.

With this acquisition, the science park fund of ASR real estate is active in Leiden as well as having buildings at the TU Delft Campus South, Biotech Campus Delft, and Kennispark Twente in its portfolio. The fund also has an exclusive partnership agreement to further develop the three science parks.

“This acquisition is in line with our fund strategy to expand and diversify our portfolio to different science parks,” said Martin Kraaij, fund director, ASR Dutch Science Park Fund. “Leiden Bio Science Park is one of the 19 science parks in the Netherlands where the fund wants to invest and was at the top of our wish list. The acquisition of this sustainable building is a great addition to our portfolio.”

The Avery Dennison European HQ is a distinctive and sustainable office/laboratory building, which the group has been leasing since its completion in 2014. The company is a global player in the field of material sciences, labelling, and digital identification technologies, which are applied in healthcare and other sectors.

The building, which has an energy label AA++ and a BREEAM Very Good certification,  was designed with a focus on sustainability and wellbeing. The property comprises over 12,000 sq m spread over six floors. The ground floor has a large entrance and reception area. The second floor provides access to the restaurant, kitchen, and informal meeting places. On the third, fourth and fifth floors, there are office and laboratory spaces. The building also has a 219-space parking garage with 13 charging stations, as well as a bicycle storage area.

The Avery Dennison European HQ is located at the Leiden Bio Science Park, the most established knowledge cluster in the Netherlands in the field of Life Science & Healthcare, with a strong international reputation. The clustering of top-level education, research, and healthcare organisations attracts students, researchers, and business people from all over the world to Leiden.

The ASR Dutch Science Park Fund, focused on institutional investors, invests in commercially exploitable real estate at science parks in the Netherlands. This actively contributes to the development of the Dutch knowledge economy. Investments in commercial real estate within the local ecosystem of science parks provide companies with the opportunity to be physically closer to new technology and knowledge. This, says ASR, promotes the development of new knowledge into products and services that benefit society.