Aviva Investors has increased its office real estate presence in the capital of the Netherlands with the acquisition of a portfolio of eight assets.
The global asset manager has acquired the Vondel Portfolio in Amsterdam for an undisclosed sum from CCP 5 Amstel Holdings.
Aviva Investors said the eight multi-let properties offer nearly 19,000sqm of total lettable area.
The latest deal is the second purchase by Aviva Investors in Amsterdam’s office market recently. Last month, the manager bought the FOZ building.
George Fraser-Harding, fund manager at Aviva Investors, said: “This particular portfolio of assets has high tenancy rates in a market which has seen rents strengthen substantially in recent years, whilst still offering attractive yields.
”We think this can provide excellent sector diversification and security of income, with the potential to deliver long-term performance benefits.”
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