La Française Real Estate Partners International has acquired, on behalf of a La Française collective real estate investment vehicle, an office building located at Muiderstraat 1, in central Amsterdam.
The 5-storey office building, refurbished in 2012/2013, offers 2,731 m2 of lettable space and is fully leased. The asset is used as a business center for multitenant use.
Jens Goettler, Managing Director for Germany, La Française Real Estate Partners International, said: “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 favorably to the valuation of the property and to rental levels. We continue to look for investment opportunities of similar quality and type.”
La Française Real Estate Partners International was advised by Houthoff Buruma and CBRE Netherlands.
1This is an example of an investment held within the portfolio. It is not indicative of future investments and does not fully reflect the composition of the funds.