Heren2 performs Due Diligence Zuidpark

Press release

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.

Click here for more information about the project.

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