Amundi Real Estate has bought two office buildings in Amsterdam on behalf of the funds it manages.

The asset manager has invested an undisclosed amount to buy the 7,000sqm Max and 2,800sqm Moore office buildings in Buiksloterham from developers Being and COD.

Construction of the assets started in July this year and is scheduled for completion at the end of 2021.

Jean-Marc Coly, CEO of Amundi Real Estate, said: “We are increasing our exposure in the Netherlands with this new acquisition in Amsterdam in a central and environmentally innovative area.

“It is in line with our European diversification strategy and demonstrates our commitment to the environment while meeting our ESG criteria.”

To read the digital edition of the latest IPE Real Assets magazine click here.

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