Cording Real Estate Group has acquired a 3,300 m² office building in the centre of Amsterdam as an addition to its Benelux Commercial Real Estate Fund. The purchase price has not been disclosed.
Located adjacent to Dam Square, the property at Nieuwezijds Voorburgwal 162-170 has been purchased from a private investor and is occupied by Mindspace, the international co-working space provider. The five-storey property was originally constructed in 1888.
René de Heus, Head of Investment Benelux at Cording Real Estate Group, said: “We are pleased with the acquisition of this historic building which is located in a prime position in Amsterdam’s city centre. By investing in the best locations within the Benelux we continue to build a sustainable and future-proof portfolio. Despite the strong competition, this transaction demonstrates the capability of our local team to identify the right assets. Furthermore, this transaction again emphasises the strong transaction security Cording provides for vendors.”
Cording was advised by Cushman & Wakefield, Van Doorne provided legal and tax advice. Malcolm Hollis provided technical support.
