A joint venture between Uptown (formerly AJRED) and Indigo Invest from Germany has acquired the office building at Frederiksplein 42, in the center of Amsterdam in the Netherlands, from the M&G European Property Fund.
This rare freehold proposition has a long-standing history as a very efficient office building with good parking facilities. With a total floor area of over 2,600 sq m, it has served as a headquarters for various tenants. The building is currently fully leased. There are several tram and metro stops in the vicinity of Frederiksplein 42, and accessibility by car is excellent.
Frederiksplein is ideally located between the Utrechtsestraat, known for its diverse range of boutiques, restaurants, and cafés, and the bustling De Pijp district. The Albert Cuyp market, the Amstelhotel, and Rembrandtplein offer an abundance of possibilities and amenities within walking distance.
This inspiring location is attractive for both businesses and creative occupiers, due to the presence of companies such as OTC Flow, JetBrains, Egeria, McKinsey & Company, and the Dutch Central Bank, which will reopen later this year.
Within a few years, Uptown intends to renovate the building with high ambitions in terms of sustainability, comfort, quality, and design.
The seller, M&G Real Estate, was commercially advised by Savills and legally by CMS.
The buyer was commercially advised by Prime Realty Partners, technically by Cerius Projects and Techniplan Adviseurs, tax-wise by RechtStaete, and legally by Hemwood