The Warehouse

The trophy asset, located at 5-9 Nieuwevaart, is in the heart of Amsterdam’s globally renowned Canal District and in close proximity to Amsterdam Central Station. Steeped in history, the asset dates back to 1880 when it was originally built to serve as a warehouse for the Blauwhoedenveem company. The most recent refurbishment was completed in 2017 which included the addition of the 5th penthouse floor (completed in 2019) and the leasing of the entire property to a leading software company for their European headquarters on a 10 year lease contract. Nuveen acquired the asset in 2017 for their European Cities Fund from APF / Angelo Gordon.

Totalling c. 7,000 sq m, the building offers state of the art ‘Grade A’ modern office accommodation offering exceptional views over the River IJ and benefits from BREEAM In-Use ‘Excellent’ green certification and an EPC rating of A+++.

Having previously acquired the building for Nuveen in 2017, NL Real Estate I Knight Frank were instructed to advise Nuveen in this transaction together with Loyens & Loeff and Arcadis. PGIM Real Estate, with DHS REIM as the investment manager, was commercially advised by Savills and legally by Clifford Chance.