Cording Real Estate Group has bought an additional office property in Amsterdam for its Benelux Commercial Real Estate Fund for an undisclosed sum.
Cording said the the vendor, made up of several investors, held the property in partial ownership.
The property, at Keizersgracht 22, is the headquarters of the Dutch youth fashion label Scotch & Soda.
The asset, which provides around 1,650sqm of office space, which is fully let to the company, it said.
Built in 1837, the property was previously a Catholic church until 1928.
René de Heus, a director of investment Benelux at Cording, said: “In only a short period of time we have been able to acquire seven properties.
”The acquisition of this architecturally-striking office building again demonstrates how successfully our team can operate in a highly-competitive market. We are aiming at a further investment volume of around €150m in 2018.”
As previously reported, the open-end special fund was launched in December 2016. It invests in office and retail property in the Netherlands, Belgium and Luxembourg.
In January last year, IPE Real Assets reported that Cording has bought the first property for the fund.
The office property, De Nieuwe Boompjes in Rotterdam, was acquired for €20.2m in an off-market transaction from Amsterdam-based development company, Cradle of Development.
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