For one of its institutional funds, Amundi Real Estate bought a single-tenant office building in central Amsterdam, the Netherlands. The Seller of the real estate at Admiraal de Ruyterkade 154 is Warburg-HIH Invest Real Estate (Warburg-HIH Invest). Warburg-HIH Invest had originally acquired the object for an occupational pension scheme in February 2013.
The French asset manager Amundi Real Estate already manages real estate in the Dutch cities Rotterdam and The Hague. With the acquisition of the ‘Admiraal de Ruyter’-property, Amundi Real Estate continues its strategy by acquiring prime real estate in the main Dutch cities.
The headquarters of the navigation system specialist TomTom has been based in the object since it was completed in 2007. The building has around 7,300 square meters of office space and also provides 32 parking spaces. In 2016, DRS Real Estate agreed on behalf of TomTom the early extension of its lease.
Amundi Real Estate was represented by L´Etoile Properties, who were advised on legal and fiscal matters by Greenberg Traurig LLP and on technical level by Royal Haskoning DHV. DRS Makelaars acted as broker. Warburg-HIH was supported by Cording Real Estate Group, Amsterdam, throughout the transaction and received legal advice from the law firm Houthoff Buruma.