Transactions - APRIL 11, 2017

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

€500m deal marks biggest Dutch single-property transaction

by Andrea Waitrovich

Property group Icon Real Estate has sold the Atrium office complex in Amsterdam’s high-end Zuidas commercial center to French property investor Amundi for a reported €500 million ($531 million).

The price tag makes it the largest-ever office complex property transaction in the Netherlands. The Atrium building is one of the oldest buildings in Zuidas and dates from 1976.

Icon Real Estate bought the 650,000-square-foot Atrium in 2012 for an estimated price of €100 million ($106 million). The price has increased due to the economy improving and the growing demand for office space in Amsterdam, according to Cushman & Wakefield.

Icon Real Estate recently added two new towers and a parking garage to the property, expanding the Atrium by more than 320,000 square feet. In addition to office space, the building has several restaurants, coffee shops and a gym.

Amundi has been making headlines recently in the Dutch market. In June 2016, Amundi with its Kor

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy