Lipariweg 6

Gramercy has purchased the Lipariweg 6 in Amsterdam from Equity Estate for a net purchase price of € 13.6 million.

Lipariweg 6 is a modern building with a total lettable floor area of approx. 24,965 sq.m. of warehouse space and 979 sq.m. of office space and is fully let to Stora Enso Timber DIY Products B.V.

The building was owned by one of the joint ventures of Equity Estate with an institutional investor from the Middle East, AB CPFM Real Estate Holding Group. The joint venture has approached the end of its term and has been fully divested.

With this last transaction, a total of approx. € 80 million was sold, including 9 buildings in Germany and Belgium, and 2 in the Netherlands (Schiphol-Rijk and Amsterdam), a cross boarder team of Knight Frank advised in all different countries.