CBRE Global Investors has acquired the NoMa House office building in Amsterdam on behalf of the CBRE Dutch Office Fund from the combined development company: SAX Vastgoed: Maarsen Groep and Beheer Brouwershof. The office building is located at the Amsterdam South Axis, the city’s main office location.
NoMA House is a turnkey development of 12,892m² office space, 625m² retail space and 68 underground parking spots. The building comprises 11 storeys and is located on a prominent location at the South Axis, on the corner of Gustav Mahlerlaan and Parnassusweg, easily accessible by car and public transport.
Construction is scheduled to commence on 1 December 2015 and the delivery date is projected for October 2017. Once delivered, the building will be a high quality, multi-tenant office building tailored towards today’s tenant requirements. The design and construction of NoMA House is based on the BREEAM Excellent standard.
The South Axis area is the most prominent Dutch office location, featuring an international tenant profile. The area offers high quality and sustainable assets in a live/work/play area and provides accessibility both to and from the city of Amsterdam and the international airport of Schiphol. The area is already home to a great number of international headquarters and recently attracted or relocated several new headquarters including the likes of Akzo, Deloitte, Chanel, Stibbe and Multi Corporation.
Frederique Weber, fund manager of the CBRE Dutch Office Fund, said: “We are very pleased with this new addition for the Fund. It will strongly underwrite the renewal of our portfolio. The acquisition of NoMA House meets the goals of the Fund, to invest in high quality office in prime locations. With still dry powder to spend, we continuously search for new opportunities optimising our portfolio through acquisitions and active asset management”
The NoMA House office building will be part of the CBRE Dutch Office Fund, a non-listed real estate Fund, managed by CBRE Global Investors. The investment strategy of the Fund is to invest in high quality office buildings in 10 identified hotspot/prime locations.
