Sienna Real Estate advises a French Family Office on the acquisition of Sarphati office in the centre of Amsterdam

Amsterdam

Sienna Real Estate advises a French Family Office on the acquisition of Sarphati, a high quality and sustainable office in the city centre of Amsterdam.

Sarphati is located at Sarphatistraat 8-14, next to the Amstel River in the city centre of Amsterdam on freehold land. The asset is originally constructed in 1880 and due to its historic allure and neo-renaissance style, it is a listed monument. From 2019 until early 2021, the asset was extensively renovated in accordance with high standards, resulting in a modern and sustainable boutique office with a stately exterior. Sarphati measures approx. 2,035 sq.m office space with several entrances, a spacious garden and is fully leased to a diverse tenant base.

”We are pleased to have assisted our valued client on what is their first acquisition in The Netherlands. This transaction reaffirms our commitment to offering our clients access to top-tier properties that align with their vision and business objectives. Our team eagerly anticipates the chance to undertake asset and property management for the purchaser, while also establishing a long-term partnership for future acquisitions. Special thanks go to Jake Out for his dedicated efforts in making this transaction a success.” Said Arthur Debaere, Investment manager Benelux at Sienna Real Estate.

Purchaser was advised by Sienna Real Estate (investment management), Atlas (tax), Drees & Sommer (technical), RCA (W&I) and Taylor Wessing (legal).  During this transaction, Angelo Gordon and APF received commercial advice from Cushman & Wakefield and legal advice from Osborn Clarke.