Transaction

Leiden municipality buys Schuttersveste building in Leiden

May 22, 2025

By Noortje Franssen

Schuttersveste Leiden

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Roos Bitterlin

Sr Communication Specialist

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The municipality of Leiden has acquired the Schuttersveste office building, located at Schuttersveld 6-38 in Leiden, from Marathon Asset Management.

The multi-tenant building consists of several building components and covers 5,900 square meters. The building is situated at a high-profile location on the edge of the city centre, near Leiden Central Station, and is easily accessible via the A4 and N11 highways.

Schuttersveste, built in 1989, has a representative entrance, several independent units and spacious on-site parking facilities. The building is largely let to ING, Cesura, Stichting Jeugdzorg and Schiphol Ontwikkeling C.V..

Leiden municipality will initially use the building to accommodate Ukrainian refugees. In the longer term, the site offers opportunities for further area development in the eastern part of the city centre. With this purchase, the municipality is strengthening its control over the future implementation and phasing of developments in the area.

The seller,  a fund affiliated with New York-based global asset manager Marathon Asset Management LP, was commercially advised in the transaction by CBRE and legally by Loyens & Loeff. The municipality of Leiden was advised by NDRP.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

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