Heren2 performs Due Diligence Zuidpark
Rockspring Property Investment Managers LLP (“Rockspring”) has purchased Zuidpark, an office building in Amsterdam for €32 million from a private investor on behalf of a separate account client.
Located near the South Axis office district at Spaklerweg 50, Zuidpark is within close proximity to Amsterdam Duivendrecht railway station and Schiphol airport. A complete refurbishment of the asset was undertaken in 2012, and it now offers over 15,000 sqm of Grade A office space. Facilities include a large auditorium providing around 200 seats, a coffee shop, restaurant, and several terraces. In addition, the building has a unique 3,000 sqm urban farm roof (the largest in Europe) and also has Europe’s largest centre for recharging electric taxis, underpinning its green credentials.
Zuidpark is 100% let to a number of tenants including Makro, Yacht, Randstad, G & J publishers, Taxi E and Emesa.
Jo De Clercq, Partner at Rockspring commented:
“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. 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.”
Rockspring was advised by Heren2 by performing technical due diligence.
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