Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), acquired on behalf of one of its clients Strawinskylaan 10, a core office asset in Amsterdam. The vendor is German real estate asset manager Deka Immobilien.
This prime office building is located on the South Axis, the Central Business District of Amsterdam, one of the best-performing office locations in Europe and a hub for international firms in the city.
The asset comprises approximately 8,113 sq. m of modern high quality office space and benefits from BREEAM-NL In-Use "very good" certification. In a surrounding of skyscrapers and large multi-tenant office buildings, Strawinskylaan 10 is unique as it is a stand-alone building, fully occupied by an international law firm - Freshfields, under a long-term lease.
Grégoire Bailly-Salins, Head of Transactions for European Real Estate Business, at Aviva Investors, comments : “We are delighted to have secured this rare opportunity to acquire an office building on the South Axis of Amsterdam. This acquisition pursues our diversification strategy in the key real estate markets of the Euro Zone. By its high specifications, prime location and a grade A tenant, Strawinskylaan 10 is well aligned with Aviva Investors' investment strategy.”
Reinier Wegman, Head of Sales at Savills in the Netherlands, explains: “While no one is expecting 2020 to be a record investment year, we are expecting Q4 in particular to be incredibly active in terms of product coming to the market and transactions completing. In addition to "core" office product, such as Strawinskylaan 10, we see a focus on "core" logistics and residential in the current Dutch real estate investment market."
Aviva Investors was advised by CMS, Royal Haskoning and Ramboll. Deka Immobilien was advised by Savills, NL Real Estate and NewGround Law.