French fund manager La Française Real Estate Partners International (REPI) has acquired an office property in Amsterdam for an undisclosed sum.
The office building located at Muiderstraat 1, in central Amsterdam, was purchased on behalf of a La Française collective real estate investment vehicle.
'This is our second acquisition in the Netherlands. The limited supply of modern office space in Amsterdam combined with the current high demand should contribute favourably to the valuation of the property and to rental levels,' said Jens Goettler, managing director for Germany, La Française Real Estate Partners International.
'We continue to look for investment opportunities of similar quality and type.'
The five-storey office building, refurbished in 2012/2013, comprises 2,731 m2 of lettable space and is fully leased. The asset is used as a business centre for multi-tenant use.
La Française was advised by Houthoff Buruma and CBRE Netherlands.
