La Française collective real estate investment vehicles acquire third Amsterdam asset

Three La Française collective real estate investment vehicles, represented by La Française Real Estate Managers, have acquired, on an off-market basis, an office building in the city of Amsterdam from Avignon Capital.

The property is located at 16 Danzigerkade on the IJ waterfront in the dynamic Houthavens area, the up and coming “live-work” creative hub in the northern part of the central business district of Amsterdam. The area promotes mixed-use zoning with soon to be 2.700 residential dwellings and aims to be recognized as a sustainable and climate neutral zone within Amsterdam.

The six-storey office property, completed in 2018, offers 6.812 m² of floor space and 55 parking spaces (of which 49 are indoor) and is fully let to five tenants including an advertising agency, a distributor of timepieces, an instant film camera manufacturer and distributor, a coworking space supplier and a full-service production company.

Jens Goettler, Managing Director of La Française Real Estate Managers - Germany said, “We are delighted to secure a third property in Amsterdam with such efficient and flexible office space. Houthavens, where most of the stock is already let, is one of the few areas in Amsterdam City where new developments are still possible. This investment is perfectly in line with our ESG real estate strategy which favors acquisitions in mixed-use developments.”

La Française Real Estate Managers was advised by Houthoff on legal aspects and by Savills Netherlands on technical Due Diligence.

Disclaimer:

Promotional document. THIS DOCUMENT IS INTENDED FOR PROFESSIONAL INVESTORS AS DEFINED BY MIFID. The information and material provided herein does not in any case represent advice, an offer, a solicitation or a recommendation to invest in specific investments.

Issued by La Française AM Finance Services, home office 128 boulevard Raspail, 75006 Paris, France, regulated by the “Autorité de Contrôle Prudentiel et de Résolution” as investment services provider under the number 18673 X, affiliate of La Française. Internet information for the regulatory authorities Autorité de Contrôle Prudentiel et de Résolution www.acpr.banque-france.fr, Autorité des Marchés Financiers www.amf-france.org, Financial Conduct Authority (FCA) www.fca.org.uk, Bundesanstalt für Finanzdienstleistungsaufsicht www.bafin.de

La Française Real Estate Managers, approved by the “Autorité des Marchés Financiers” under N GP07000038 on June 26th 2007, approval (i.e. the Carte professionnelle) granted by the Paris Ile-de-France “Chambre du Commerce & de l’Industrie” under CPI N 7501 2016000 006 443 – Transactions on Buildings and Business Assets and Real Estate Management and AIFM authorisation under Directive 2011/61/EU on June 24, 2014

La Francaise Group UK Ltd – Registered in England No: 4253400. La Francaise Group UK Finance Ltd – Registered in England 4717154, authorised and regulated by the Financial Conduct Authority (FCA number: 225360) - Registered office: 78 Brook Street, London, W1K 5EF. These businesses are individually and collectively trading as ‘La Francaise Real Estate Managers’ ; LF Real Estate Managers Germany Deutsche Zweigniederlassung der La Francaise Group UK Ltd - Registered in Germany No: HRB 79216 is subject to limited regulation by the Bundesanstalt für Finanzdienstleistungsaufsicht - Registered office: Neue Mainzer Str. 80, 60311 Frankfurt am Main.