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.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent Posts

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions