Amsterdam 31 March 2022 – DHS REIM has completed the acquisition of a state-of-the-art core office building “the Warehouse”. The property comprises of 7,000 sqm lettable office space and is fully leased to an international technology corporation.
The property is located on the water’s edge on the Nieuwe Vaart 5-9. This 17th century canal is connecting the central station area (Oosterdok) with the Eastern side of the city center of Amsterdam. The walking distance to the Amsterdam central station is less than 10 minutes and the direct surroundings of the high-quality office building are characterized by vibrant city locations such as restaurants, hotels and museums.
Original construction of this classical “Amsterdam Warehouse” dates back to 1869. Due to todays’ high standards of sustainability and requirements on ESG, the building has been fully renovated in from 2016 to 2018. During the renovation, the closed façade has been made fully transparent and the 18th century style of the warehouse has been reinstated. The focus of the redeveloper was to excite not only the lessee, but also the city of Amsterdam. As a result of the extensive renovation works, the property now benefits from a BREEAM in-use “Excellent” certification and an EPC label A+++ making the building compliant with the current Dutch energy legislations.
René de Heus, Managing Director DHS Real Estate Investment Management comments: “With this acquisition DHS REIM pursues her quest for durable and sustainable real estate investments on the best locations in the robust Dutch real estate market. DHS REIM has now built a well-diversified portfolio of approximately €450M assets under management and is aiming to expand further across Office, Residential and Logistics sectors”.
The advisors on this transaction were Hollis (technical), Savills (commercial) and Clifford Chance (legal).