Keizersgracht 124-128

On 5 July, Swiss Life Asset Managers France signed the deed of transfer of an entirely freehold, prestigious 3,289 sqm trophy office building in the canal district of the historic city centre of Amsterdam. The asset features extensive outdoor space and is entirely freehold, a unique find in the centre of Amsterdam.

A historic asset in a highly regarded neighbourhood

The Keizersgracht 124-128 is a typical canal building built in the 17th century and listed as a historical monument in the heart of Amsterdam, in the Canal District ("Gracht"). Located on the main axis of Amsterdam's historic city centre, the train station is only 14 minutes away by walk and 5 minutes by bike. The excellent location, coupled with the building's high-end amenities, makes the asset a prestigious address, and a rarity on the market. Furthermore, the asset is fully leased to two first-class tenants, the main one being Europe's third largest FinTech company, Mollie.

A complete renovation to improve the ESG profile of the building

A major restructuring programme was completed in 2020/-21. The renovation preserves the building's historic integrity, while modernising the interior with an industrial design, and optimizing the ESG performance to reduce energy consumption and improve user comfort. As a result, the building now offers extensive outdoor spaces, restaurant areas, bicycle parking and shower areas. The asset now benefits from the latest technical services and the EPA Energy label at A+++ level.

 Fabrice Lombardo, Director of Real Estate Activities at Swiss Life Asset Managers France, commented: "This acquisition from a private Dutch investor on behalf of MAIF demonstrates our ability to complete prestigious transactions in the prime office market in Europe.”

"The exceptional location of the building combined with its ESG qualities make it an asset that is fully in line with our responsible investment philosophy", added Philippe Laffitte, Head of Financial Assets Management - Real Assets at MAIF.

 Acquisition advisors:

- Notary and lawyer: NewGround Law

- Broker: NL real estate - Knight Frank

- Technical due diligence: Stevens Van Dijck

- Tax due diligence: vanOlde