The acquisition of the office building at Basisweg 10 in Amsterdam represents a significant move by OVG Real Estate in its strategy to invest in existing buildings and redevelopments in the Netherlands.
The entire building, comprising more than 60,000 m² GFA (completed in 1973), is leased to Cordares. OVG has bought the building from Bouwinvest Dutch Institutional Office Fund N.V. Loyens Loeff advised the buyer.
Bas van Holten (General Manager of Nederland OVG Real Estate): "Current market conditions provide attractive opportunities for investment in existing buildings. This transaction fits into our philosophy and strategy of creating sustainability and value for the long term."
Allard van Spaandonk (Director of Asset Management Bouwinvest REIM): "The sale of this office is totally in line with our strategy of focusing on category A locations".