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Transactions - MARCH 30, 2020

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CBRE Global Investors acquires office building in Amsterdam from Angelo Gordon JV

by Released

CBRE Global Investors has acquired Herenstaete, Amsterdam, from a joint venture between Angelo Gordon and APF International. The 6,000-square-meter (65,000-square-foot) building is located on the Herengracht 206-216 and is part of the UNESCO World Heritage Site.

Herenstaete, located in the historic center of Amsterdam, is a national monument and dates back to 1616. Currently the building is undergoing a complete renovation designed by Cruz y Ortiz, who also renovated the Rijksmuseum in Amsterdam. The monumental features and spaces of the iconic building are being preserved, while creating a modern, high-quality and sustainable office space, including a large atrium.

Owen Clayton, transactions manager Netherlands, CBRE Global Investors, said, "This building meets the fund’s strategy of acquiring office buildings in ‘Winning Cities’ at proven locations. It brings to the market a very high-quality office space in a monumental building at one of the best locations in

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