DRC Savills Investment Management funds largest single-asset real estate deal in the Netherlands

DRC Savills Investment Management has provided a substantial mezzanine loan to finance Victory Group’s landmark €765 million ($855 million) purchase of ABN AMRO’s global head office in Amsterdam. IREI understands this is the largest single-asset real estate transaction ever in the Netherlands.

The 950,000-square-foot office asset is in the core of the Zuidas business district in southwest Amsterdam and is entirely leased to ABN AMRO. DRC SIM said ESG improvement of the asset was a key consideration when the firm made its investment decision.

“We are proud of helping Victory to complete the purchase of this unique property,” said Cyrus Korat, co-founding partner of DRC SIM. “Supporting a business plan with excellent ESG credentials being delivered by a sponsor we know well and has an outstanding track record of delivery was a great opportunity for our investors.”

DRC SIM has invested more than €500 million ($559 million) of capital in commercial r