Bouwinvest office fund buys sustainable listed building in Amsterdam

Bouwinvest office fund buys sustainable listed building in Amsterdam

The Bouwinvest Dutch Institutional Office Fund has acquired the listed office building The Bell in Amsterdam from the Stichting Stadgenoot housing corporation.

This listed building, originally built in 1873, represents a combination of historical charm and modern sustainability.

Located in central Amsterdam, The Bell at Sarphatistraat 370 offers excellent accessibility by car, public transport and by bicycle. The building is just a five-minute walk from Weesperplein metro station and close to the centre of Amsterdam, which makes its attractive to tenants.

The office building, which underwent a large-scale renovation between 2009 and 2012, now offers 6,948 m² LFA of office space. The renovation improved the building’s energy performance to A+++ from an EPC G label, thanks to modern installations, including cooling via a thermal energy storage system. Tenants include the Amsterdam University of Applied Sciences, real estate firm AHAM Vastgoed and the Stadgenoot housing corporation itself. The innovative and flexible work spaces in the building are managed by Re:Invent.

Bas Jochims, Director Dutch Office & Hotel Investments: “The acquisition of The Bell in Amsterdam is an excellent addition to our Office Fund. The acquisition highlights Bouwinvest’s commitment to strengthening its real estate portfolio by adding top quality and sustainable assets.”

The proceeds of this sale will be fully invested by Stadgenoot in new affordable mid-market housing in Amsterdam.

Egbert Dekker from the seller, the Stadgenoot housing corporation: “Bouwinvest is a highly reputable party and is known for managing the capital of various pension funds. Bouwinvest’s long-term investment vision is a perfect match for Stadgenoot’s own mission, which is to rent, maintain and add affordable, sustainable, high-quality homes in Amsterdam.”

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