The Hamburg-based company Warburg-HIH Invest Real Estate GmbH (Warburg-HIH Invest, formerly: HIH Global Invest) has acquired an office building in the historic town centre of Amsterdam in the Netherlands within the framework of an individual mandate for an institutional investor. The property is sold by a private owner. Originally raised in 1916, the building was thoroughly modernised in 2008, and is fully occupied. The interior fittings were designed by Sevil Peach, a globally acknowledged interior designer.
The office building is located at Herengracht 124-128 in downtown Amsterdam. A number of sights such as the Royal Palace and the New Market, which is the city's central square, lie within walking distance. The central railway station is roughly one kilometre away. The property has a GLA of 4,623 m², the bulk of which represents office accommodation while a small share of the space serves as storage units. The property also includes 40 underground parking spots.
The property is let in its entirety to Spaces B.V., a Regus Group member company that offers high quality, flexible workplace solutions. The long-term master lease has a remaining lifetime of around 23 years. Spaces lets the units to a variety of international companies while also providing complementary services to its clients.
“Due to its central location and a virtually support-free ground floor and thus lends itself to flexible structuring, this building is highly sought by companies in the creative and communication sectors,” said Andreas Schultz, Managing Director of Warburg-HIH Invest and in charge of the Transactions Management International division. “This fact – together with the long-term master lease above all – implies a very high degree of income security for the investor.”
Source: Warburg HIH Invest
