Hannover Leasing, part of the Corestate Capital Group, has acquired ‘The Cloud’, an office complex in Amsterdam, The Netherlands, on behalf of an open-end real estate retail fund (managed by Amundi Real Estate) and the Finnish pension fund Ilmarinen. The purchase price is in the low three-digit million euro range. The Property was redeveloped and sold by Impact Vastgoed and Cairn Real Estate on behalf of an international investor.
The five-story building with a total floor space of close to 23,700 m² has recently been completely remodelled and updated to the latest standards. The Cloud received a BREEAM “Very Good” rating.
“The Cloud presents itself in an excellent condition – the top quality combined with a top location makes this property an attractive investment for our institutional clients,” says Michael Ruhl, Managing Director, Hannover Leasing. “As part of the Corestate Capital Group we are able to further expand our business with institutional investors.”
The property is fully let; anchor tenants include the mobility service provider Uber (c. 10,800 m²), co-working facility Spaces (c. 6,400 m²), and Amazon (c. 5,000 m²). The building also accommodates 195 underground parking spaces.
