€500m deal marks biggest Dutch single-property transaction
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