Cording Real Estate Group has acquired the office building Erasmushuis in Rotterdam for its Benelux Commercial Real Estate Fund. The purchase price was not disclosed.
The Erasmushuis is situated at Coolsingel 104 in the city centre, close to the prime retail district. The eleven-storey property has a lettable area of around 4,300m², which is fully let to the office operator Frame Offices. The asset is a monumental building which is constructed in 1939 and designed by the famous architect Dudok. During history, it was in use as a bank building which is still reflected in the characteristics of the property. The Erasmushuis is situated at the Coolsingel, which will be upgraded during the next years to restore its status as prominent city boulevard.
Rena de Heus, Head of Investments Benelux, said: “We are pleased to add this iconic office building to our portfolio. This is the thirteenth acquisition since the start of this fund and there is c. €200m available for additional purchases. The fund is focused on well-located office and retail properties in the Netherlands, Brussels and Luxembourg.”
