NorthStar Realty Europe Signs a 10 Year Lease Extension with AKD in Maastoren Rotterdam, the Netherlands

LONDON, Oct. 3, 2017 /PRNewswire/ -- NorthStar Realty Europe has agreed a 10 year lease extension with tenant AKD in the Maastoren office building located at the Wilhelminakade 1-103 in Rotterdam, the Netherlands.

The lease agreement comprises 4,680 sq m of office space over 4 floors, 201 sq m of storage space and 80 parking spaces in the accompanying parking garage. With its 44 floors and 165 meter height, the Maastoren is an important landmark in Rotterdam and the tallest building in the Netherlands. The building, located on Rotterdam's Kop van Zuid, was developed by OVG and completed in 2010.

As part of the extension, parties have agreed on a further upgrade and improvement of the building. The landlord will create an enhanced and improved, vibrant and energizing multi-tenant entrance and reception facility on the ground floor.

Mahbod Nia, NorthStar Realty Europe's Chief Executive Officer, commented: "We are very pleased to announce AKD's lease renewal at the Maastoren building in Rotterdam. Following the recent lease extension with Deloitte, AKD is the second anchor tenant recommitting to the Maastoren, affirming the building's excellent facilities and location on Rotterdam's Kop van Zuid."

About NorthStar Realty Europe

NorthStar Realty Europe Corp. (NYSE: NRE) is a European-focused commercial real estate company with predominantly high quality office properties in Germany, the United Kingdom and France, organized as a REIT and managed by an affiliate of Colony NorthStar, Inc. (NYSE: CLNS), a leading global real estate and investment management firm. For more information about NorthStar Realty Europe Corp., please visit www.nrecorp.com.

About AKD

With 250 lawyers, civil-law notaries and tax advisors, AKD is the independent and internationally focused legal and tax advisor for any business dealing with the Benelux countries. AKD combines expertise in all legal practice areas with sector knowledge and understanding of the clients' business, both nationally and internationally. AKD has offices in Amsterdam, Breda, Brussels, Eindhoven, Luxembourg and Rotterdam.

Safe Harbor Statement

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SOURCE NorthStar Realty Europe Corp.