Sienna Real Estate acquires Naritaweg 163-173 in Amsterdam

Paniscus Real Estate acquires Naritaweg 163-173 in Amsterdam from an affiliate of Harbert European Real Estate Fund V, L.P. (in joint-management with Quan Investors). The acquisition is financed in cooperation with the Rabobank.

The Naritaweg 163-173 in Amsterdam is a modern and representative office building located in Sloterdijk with an energy label A. The office includes c. 4,300 m² of office space and sufficient underground parking spaces. Since its completion in 2001, the property has been fully let to Citco Nederland. Citco is an independent group of companies focused entirely on the management of alternative investment funds, investors, corporations, and private clients. Citco is a leader in international financing and closely involved in the Eurobond and hedge fund markets.

Paniscus Real Estate was advised in this transaction by Sienna Real Estate (former l'Etoile Properties), Van Dijk & Ten Cate, DFLS and Drees & Sommer. The seller was advised by Quan’s QB Management, CBRE and Greenberg Traurig. Sienna Real Estate will manage the property on behalf of Paniscus Real Estate.