Trinity Vastgoed VI, a fund managed by Attestor Capital, has bought an office property in Amsterdam from Patrizia.
Announcing the deal, Patrizia said it has sold the 8,100sqm Aqua Plaza property to the fund for €20.35m.
Aqua Plaza has been managed by Patrizia since its construction in 2003 and is 80% let to Bugaboo International for its global headquarters.
Emile Poort, head of transactions management Benelux at Patrizia, said: “This disposal is in line with our strategy of focusing on inner-city locations and core central business districts.”
Poort said Amsterdam Zuidoost, where Aqua Plaza is located, is currently undergoing a transformation to include a mixture of residential, leisure and office space, which is in line with the latest urban trends across other major European cities.
“Rents in the region are at all-time highs, whilst vacancy rates are at record lows, which has enabled us to deliver attractive returns to our investors with the sale of this asset.”