Achmea Dutch Office Fund acquires Weesperstaete in Amsterdam
On behalf of the Achmea Dutch Office Fund, Syntrus Achmea Real Estate & Finance has acquired the property Weesperstaete in Amsterdam. The seller is Weesperplein 6 B.V.. The office property at Weesperplein 6-8 offers 12,924 sq m (LFA) of high quality office space including 40 underground private parking places and is fully occupied by the Municipality of Amsterdam on a long lease. The property also comprises a retail unit at Sarphatistraat 65 & 67, which is let to a local retailer.
Weesperstaete is a modern office building, originally constructed in the 1970’s and has recently been refurbished. The lettable floor area is divided over a basement, ground floor and 8 upper floors designed as an open plan area with a core in the centre.The property is located at the Weesperplein in the city centre, where the Weesperstraat and Wibautstraat meet. This area offers a diverse mixture of modern office buildings, canals, shops and restaurants.
Ido Esman, director of Fundmanagement is very pleased with the acquisition of Weesperstaete: "The office Weesperstaete in Amsterdam is a high quality addition to the portfolio of the Achmea Dutch Office Fund. The investment is characterised by a strong location, excellent accessibility and a long-term lease with the Municipality of Amsterdam. For the fund this is an opportunity to renew the portfolio and strengthen its quality. "
Frank Vellinga, director Offices and Industrial adds: "The Amsterdam office market has attractive investment fundamentals such as strong population growth, high educated labour force and increasing employment. With this acquisition the fund benefits from the prevailing market dynamics."
During the sale process Weesperplein 6 B.V. was advised both commercially and technically by CBRE. Legal advisory services were provided to the seller by Houthoff Buruma. Achmea Dutch Office Fund was advised commercially by JLL and technically by Arcadis. Nauta Dutilh acted on behalf of the buyer for legal advisory services.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated 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.