Rockspring completes €32m Amsterdam Office Purchase

Posted on 9 October, 2015 by Cliff Goodwin

Rockspring Property Investment Managers has acquired a prestige office building in Amsterdam. The €32m (£25.5m) deal was made on behalf of a private investor representing a “separate account client”.

zuidpark 01

The Zuidpark office block — which underwent a 2012 refurbishment — contains 161,000 sq ft of Grade A office space. It is located at Spaklerweg 50, Zuidpark, close to Amsterdam Duivendrecht railway station and Schiphol airport.

In addition to a 200-seat auditorium, a restaurant and coffee shop, and several terraces, the business district building contains a number of unique features. It has a 3,200 sq ft urban farm roof, the biggest in Europe, and the Continent’s largest centre for recharging electric taxis.

“The current attractive pricing in the Amsterdam office market combined with Zuidpark’s desirable location, Grade A specification, excellent tenant covenants and freehold ownership make this a strong acquisition for Rockspring,” said Partner, Jo De Clercq, in a statement.

“This purchase is in line with Rockspring’s strategy to acquire well-located, quality real estate in improving markets with potential to capitalise on rental growth to realise returns for our investors.”

Zuidpark is 100 per cent let to a number of tenants including Makro, Yacht, Randstad, G & J publishers, Taxi E and Emesa. The majority of the tenant leases were secured by Appelhoven Real Estate Advisors, which also represented the unnamed seller during the sale. Rockspring was advised by Heren2, Loyens Loeff and KPMG.

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