Warburg-HIH Invest sells historic Canal House in Amsterdam

Warburg-HIH Invest Real Estate has sold the office property located at Herengracht 124-128 in Amsterdam to Edmond de Rothschild REIM for its Benelux Commercial Real Estate Fund.

The building is located in a central part of Amsterdam and was constructed during the 1920s. The property has a lettable area of approximately 4,600 square meters (49,514 square feet). The property is currently fully let to a coworking company. It was agreed not to disclose the selling price.

Matthias Brodesser, head of transaction management international at Warburg-HIH Invest, said, “We acquired the property for an attractive price in July 2015. At that time, the coworking model was still more or less in its infancy. The coworking tenant was founded in this house. Following sound performance over the past six years, we seized the chance to sell the property in the current market environment.”

“Because of its location directly next to a canal in a generally very desirable part of