Valad Europe, the leading independent diversified real estate investment manager, has sold the Edge Offices in Amsterdam to Union Street Edge B.V. The sale was completed on behalf of the European Commercial Real Estate Limited (ECREL) mandate.
Comprising eight buildings and approximately 19,000 m² of office space, Edge Offices is let to 25 tenants including Hill+Knowlton Strategies, IceMobile and Hillen & Roosen. The offices are located in close proximity to the popular financial district of Amsterdam Zuidas and with excellent transport links to the RAI Exhibition and Convention Centre and the A10 highway.
Mark McLaughlin, Valad Europe’s Head of Benelux, commented: “This sale follows a period of significant asset management activity which included the signing of eight new leases and lease renewals and the completion of our business plan for the asset. The success of our strategy at Edge Offices is due to the strength of our locally-based team in Amsterdam.”
Van Dijk & Ten Cate advised Valad Europe and CBRE and Spring Real Estate advised the purchaser.
Valad Europe has a team of 19 people in the Benelux region, who manage approximately €550 million of funds, invested in approximately 85 assets and accommodating 640 tenants.
Source: Valad Europe