FOZ building

Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), announces it has acquired the FOZ building (‘FOZ’), a highly sustainable building located in the heart of Amsterdam’s business district.

Providing approximately 12,700 sq m of Grade-A office accommodation, along with additional retail space and a private courtyard garden at ground floor level, FOZ offers excellent sustainability credentials with an Energy Label Rating of A and BREEAM In-Use certification of ‘Excellent’.

FOZ is situated in the middle of ‘South Axis’, the rapidly-evolving business district of Amsterdam. With high-quality office space, good amenities and excellent connectivity including direct connections with Amsterdam Central and Schiphol International Airport, South Axis is considered as being the prime office market in the Netherlands and one of Europe’s most attractive office locations.

The purchase of FOZ forms part of Aviva Investors’ Climate Transition strategy and commitment to reaching net zero across the entirety of its £47 billion Real Assets portfolio by 2040. Alongside acquiring assets well-positioned for the transition towards a low-carbon future, this programme also includes decarbonising existing buildings through extensive refurbishment projects, which can contribute to better efficient energy efficiency, lower ongoing fuel requirements, and therefore lower running costs for occupiers.

The building is currently multi-let to a number of tenants, including Simmons & Simmons, Snowflake and Coolblue.

George Fraser-Harding, Fund Manager at Aviva Investors, said:

“We are very happy to have acquired FOZ, an iconic building located prominently at the centre of one of Europe’s most dynamic office markets. As well as being in keeping with our wider climate transition strategy, sitting alongside our work to actively decarbonise existing inefficient real estate assets, this building is also reflective of our continued ambition in continental Europe, a market we believe offers great potential to deliver long-term performance in client portfolios.”

Aviva Investors was advised by DLA Piper, with NL asset management responsible for the asset management of FOZ on behalf of Aviva Investors. The seller was advised by Loyens & Loeff and NL real estate | Knight Frank.