Invesco Real Estate and Henley Investment Management have joined forces to acquire a prime office building in the heart of Amsterdam. The asset was acquired on behalf of Invesco’s European value-add strategy and funds managed by Henley for a price reported to be around €30 million. The 5.270 sqm office building located at Rembrandtplein in the historic city centre, was sold by funds managed by Abrdn.
The building, marketed as Vector House, is currently fully let to the single tenant Booking.com, one of the largest online travel agencies, occupying all of the office space of the seven-storey building. In addition to flexible floorplates of up to 1.000 sqm, the building also boasts a private courtyard garden, several outdoor terraces and ample natural daylight thanks to its prime corner location.
Invesco and Henley plan to reposition the building, upgrading it to meet modern workplace design requirements and enhanced sustainability credentials of the EPC A rated building.
Source: https://propertyeu.info/Nieuws/Invesco-and-Henley-acquire-Amsterdam-building-for-value-add-play/ea3c83dc-fd5b-4a2a-b7e6-c5c1d55da929, on 12.01.2023