Rockspring Property Investment Managers has purchased the Zuidpark office building in Amsterdam for €32 mln from a private investor on behalf of a separate account client.
Rockspring Property Investment Managers has purchased the Zuidpark office building in Amsterdam for €32 mln from a private investor on behalf of a separate account client.
Located near the South Axis (Zuidas) business district, the property is close to Amsterdam Duivendrecht railway station and Schiphol airport.
Zuidpark was fully refurbished in 2012 and now provides over 15,000 m2 of Grade A office space as well as a large auditorium providing around 200 seats, a coffee shop, restaurant, and several terraces. In addition, the building has a 3,000 m2 urban farm roof which Rockspring says is the largest in Europe, as well as Europe's largest centre for recharging electric taxis.
Zuidpark is 100% let to a number of tenants including Makro, Yacht, Randstad, G & J publishers, Taxi E and Emesa.
Jo De Clercq, partner at Rockspring, commented: ‘The current attractive pricing in the Amsterdam office market combined with Zuidpark’s desirable location, Grade A specification, excellent tenant covenants and freehold ownership make this a strong acquisition for Rockspring. This purchase is in line with Rockspring’s strategy to acquire well-located, quality real estate in improving markets with potential to capitalise on rental growth to realise returns for our investors.’
Rockspring was advised by Heren2, Loyens Loeff and KPMG. Appelhoven Real Estate Advisors acted for the seller. Charles van Vlokhoven advised the seller on legal matters and Deloitte acted as tax adviser for the seller.
