Group of investors led by First Sponsor Group acquires Allianz Tower in Rotterdam from French institutional investor
The 19,000 sqm Allianz Tower, located at Coolsingel 120 in the Central Business District of Rotterdam, has been acquired by a group of investors led by First Sponsor Group.
The 20-story Allianz Tower, is fully and long-term leased to insurance company Allianz. The property was extensively renovated and upgraded between 2018 and 2020 and offers office space, a staff restaurant and underground parking for 207 vehicles, in accordance with modern standards.
The property is located on the corner of Blaak and Coolsingel, right at the entrance of the Beurs subway station, in the heart of Rotterdam city centre with many amenities within the vicinity.
The Seller was commercially represented by CBRE, legally and fiscally by Greenberg Traurig, and financially by EY. Drees and Sommer acted as technical advisor during the transaction.
The group of investors led by First Sponsor Group was represented by Loyens & Loeff as legal and tax advisor, Savills as commercial advisor and CBRE Development Services as technical advisor.
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 2021 revenue). The company has more than 105,000 employees (excluding 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.