French investor Amundi Real Estate, on behalf of the funds it manages, has acquired two office buildings in Amsterdam-Noord, from Dutch developers Being and COD, in a forward funding deal.
Financial details were not disclosed.
Construction of the buildings, dubbed Max and Moore, started in July 2020 and completion is scheduled for the end of 2021.
The development covers some 9,800 m2 of space, divided into 7,000 m2 for Max and 2,800 m2 for Moore. The buildings will be partially connected and will offer 90 outdoor parking spaces and an indoor bicycle garage.
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.'
The project meets rigorous environmental criteria and aims for Breeam Excellent certification. The buildings will be equipped with solar panels on the roofs and facades and will use geothermal power for heating and cooling. Landscaped terraces and double-height winter gardens are also included.
Max & Moore is located in a former industrial area in the heart of Buiksloterham, a mixed neighbourhood on the Northern IJ banks of Amsterdam.
Amundi Real Estate was advised by L’Etoile Properties (acquisition advisor), Rutgers & Posch (legal advisor) and Drees & Sommer (technical advisor).
