The EPISO 4 opportunity fund, advised by pan-European real estate investment manager Tristan Capital Partners, has sold the 2,300m² ‘Huize Labor’ office building in Amsterdam’ to U.S. private equity firm HighBrook for c.€16m. Timeless Investments acted as the investment partner and asset manager for this deal.
The scheme is located opposite Amsterdam’s Westerkerk, with its landmark church tower, and enjoys close proximity to the Anne Frank House on the Prinsengracht canal.
Gyongyver Giday, Director at Tristan Capital Partners, said: “We saw the potential for the strong recovery in the Amsterdam office market a few years ago, following an upswing in demand from accelerating growth in the Dutch economy combined with a very limited supply pipeline. Over the past five years, we have invested in excess of €1bn in the Dutch real estate market and the vast majority of that has been in Amsterdam’s office sector. The sale of Huize Labor demonstrates the demand that exists for high-quality assets in strong locations in Amsterdam.”