Aviva acquires historic canal-side office in Amsterdam

Aviva Investors has acquired an office building in Amsterdam's historic canal district on behalf of one of its mandates.

Located at Keizersgracht 119–121, the asset offers 2,000 m2 of rental space and was comprehensively upgraded in 2019. It is fully let on a long lease to flexible officer provider Knotel.

Allthough Aviva did not provide financial details, information filed with the Dutch land registry reveals the UK investor paid €25.2 mln for the property. The vendor is a private investor.

Adrien Beuriot, head of asset management for Continental Europe at Aviva Investors, commented: 'We have identified Amsterdam as a strategically important location for our real estate business, which follows an analysis of European office markets by our research team conducted earlier this year that identified what we believe are the best growth prospects. It is a renowned tech hub, whilst also being a highly liveable city. As a result, we expect it to continue attracting leading businesses and talent.

'More broadly, the Netherlands represents a growth market for Aviva Investors, with this purchase building on other recent transactions in the region. This deal is in line with our pan-European investment strategy and expect it to contribute in delivering strong long-term performance to our clients.'

Aviva Investors Real Assets was advised on the deal by NL Real Estate – Knight Frank and CMS. The seller was represented by Van Zijll Langhout Vastgoed

Aviva Investors has completed four transactions in the Netherlands this year. The Amsterdam office deal comes a month after the company purchased two logistics assets in Tilburg and Waddinxveen from Delin Capital.

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