Raiffeisen Immobilien Kapitalanlage-Gesellschaft m.b.H. has acquired two landmark office buildings in a central location in Amsterdam on behalf of its R 320-Fonds in August. The building was sold by IVG Institutional Funds GmbH, who held the buildings in trust. The Purchaser was advised in this transaction by property advisor DRS Makelaars and legal office Houthoff Buruma, whereas CBRE and legal office Straatman Koster Advocaten represented the Sellers. The purchase price was not disclosed.
Both single-let properties are situated next to each other at IJ-Oevers, a central location in Amsterdam near Amsterdam Central Train Station and benefit from exceptional public and individual transport links. In the vicinity of the buildings various office and residential buildings as well as retail, restaurants and hotels are located “We are committed to the attractivity and sustainability of the location which is proven true by the tenant’s decision for this particular location”, explains Roberta Tumpel, Head of Investment Management at Raiffeisen Immobilien KAG.
In total Raiffeisen is managing €432 million real estate assets. The combined property volume amounts to €620 million.