The office building comprises approximately 5,500 sq m of office space and 119 parking spaces with electric charging stations. The DE BRAND office is fully let to, among others, DHL International and Flynth advisors and accountants B.V.

Martijn Bremmer, director of Bridges Real Estate: “We are continuously optimising our portfolio. We add value through renovation and by improving comfort and facilities. In this way we create places where people like to work and where companies can grow, now and in the future. This investment also makes DE BRAND interesting for investors. Bridges Real Estate has visibly invested in the office after acquisition. The building was renovated in 2018 and is excellently managed, resulting in an attractive and inspiring office environment. Within a short period of time, we have realised a full occupancy with high-quality occupiers.”

Sander van den Engel, Associate Director MidCap Investments at Savills in the Netherlands, says: “Amersfoort is a very central location, and the fact that De Brand 10-19 has been renovated and is fully let makes it an attractive investment product. In addition, the stock of office space in Amersfoort has been declining year on year since 2015, partly due to a large number of withdrawals in 2016, 2017 and 2018, combined with a lack of new developments. During that time, the vacancy rate decreased from 23% in 2015, to 11% YTD.”

Despite the fact that the focus is mainly on the G5, investors know where to find Amersfoort, with a reasonably stable investment volume of between EUR 80-100 million.

SynVest was advised by Savills. Seller Bridges Real Estate was advised by Colliers International.