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.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company with headquarters in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company employs more than 100,000 people worldwide and provides services in over 100 countries. CBRE offers strategic advice and guidance in property sales and leasing; corporate services; property, facilities and project management; appraisal and valuation; development services; investment management; and research and consulting. Please visit our websites at www.cbre.nl and www.cbre.com.